Grains see strength on risk on outside markets, fresh export business in soybeans. However, cash basis is the real story. Live cattle extend gains with fund buying, feeders and hogs set back on profit taking and fading strong weekly exports. Michelle Rook is joined by Darin Newsome of Darin Newsome Analysis.
Grains Higher on Risk on Outside Markets, Fresh Soybean Export Biz, But Cash Basis the Real Story: Livestock Mixed
Grains higher on risk on outside markets, fresh export business in soybeans, but cash basis is the real story. Live cattle up on fund buying. Michelle Rook is joined by Darin Newsome of Darin Newsome Analysis.
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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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