Grains mostly higher on light holiday trade on follow through technical buying, higher crude oil and export news. Cattle opened higher working in the sharply higher cash on Wednesday, then turned lower when corn rallied. Hogs are down following lower cash and cutouts and despite decent exports. Michelle Rook has an update.
Grains Higher on Light Technical Buying, Higher CO, Exports: Cattle See Pressure From Corn
Grains mostly higher on light holiday trade on follow through technical buying, higher crude oil and export news. Cattle lower with higher corn. Hogs are down with lower cash & cutouts. Michelle Rook has an update.
November 25, 2022 09:15 AM
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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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