Grains lower removing war premium with an extension of the Black Sea Export Deal and risk off outside markets. Feeders bounce on the lower grains, with live cattle mixed on report positioning. Hogs lower on exports and big slaughter. Michelle Rook is joined by Scott Varilek of Kooima Kooima Varilek.
Grains Lower with Black Sea Export Deal, Risk Off: Cattle Mixed on Report Positioning, Hogs Lower
Grains lower w/extension of Black Sea Export Deal, risk off outside markets. Cattle mixed on report positioning. Hogs lower on exports, big slaughter. Michelle Rook w/Scott Varilek of Kooima Kooima Varilek.
November 17, 2022 09:02 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.
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