Grains under pressure on higher dollar and recessionary concerns, talk of an extension of the Ukraine export deal, rain chances in winter wheat areas, plus harvest pressure hits row crops. LC see profit taking ahead of the cattle on feed report and hogs are mixed. Michelle Rook talks with Randy Martinson of Martinson Ag.
Grains Lower on Harvest Pressure, Export News, Higher Dollar: LC see Profit Taking Ahead of Report, Hogs Mixed
Grains under pressure on higher dollar, Ukraine export news, rain chance in wheat areas, harvest pressure. LC see profit taking ahead of COF, hogs mixed. Michelle Rook talks with Randy Martinson of Martinson Ag.
October 21, 2022 08:59 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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