Grains end quietly mixed to higher still consolidating under Monday’s chart highs and looking for direction from South America’s crop size, weather or the export front. Cattle see profit taking waiting for confirmation of higher cash before moving higher. Hogs see continued profit taking with cutouts still under pressure and fading strong exports. Mike Minor of Professional Ag Marketing has details.
Grains End Quietly Mixed Still Consolidating from Monday’s Highs: Livestock Also See Profit Taking
Grains end quietly mixed to higher still consolidating under Monday’s chart highs and looking for direction. Cattle and hogs also see more profit taking. Mike Minor of Professional Ag Marketing has details.
February 16, 2023 04:07 PM
Related Stories
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.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
