Grains end higher with Russia suspending the grain export deal, but how much more war premium do the markets need? Cattle set back with higher feed prices, but is the market topping? Hogs end mixed. Michelle Rook is joined by Mike Zuzulo of Global Commodity Analytics.
Grains Higher as Russia Suspends Export Deal: Cattle Set Back with Higher Corn
Grains higher with Russia suspending the grain export deal, so how much higher do prices go? Cattle set back with higher feed prices, with hogs mixed. Michelle Rook is w/ Mike Zuzulo of Global Commodity Analytics.
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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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