Grains Higher as Russia Suspends Export Deal but Off Highs: Cattle Lower With Higher Grains, Will Cotton Ever Bottom?
Grains still higher after Russia suspends grain export deal but off session highs. Cattle set back with higher grains and is cotton ever going to bottom? @michellerookag is with @jpmccormick3
November 01, 2022 11:20 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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