Grains end mixed on Friday but were well off lows with a reversal in outside markets and the lower dollar, which also helped cotton. Grains continue to focus on demand, especially exports now that harvest is past the 50% mark. Live cattle scored more contract highs in October and December ahead of the Cattle on Feed report. Hogs scored new highs with support from higher cash. Michelle Rook gets details with Alan Brugler of Brugler Marketing.
Grains End Mixed Taking a Cue from Outside Markets, Lower Dollar While Cattle and Hogs Hit New Highs
Michelle Rook talks to Alan Brugler of Brugler Marketing to end the week.
October 21, 2022 02:54 PM
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Dave Chatterton with Strategic Farm Marketing says funds have sold and liquidated hard the last three weeks in the corn market and while they took their foot off the gas on Monday he doesn’t think the selling is done.
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
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