More technical selling and fund liquidation in the grains today with new lows for the move in corn, wheat, BO. Lower CO and the higher dollar also pressured the market late. Livestock ended mixed. Michelle Rook has details with Randy Martinson of Martinson Ag.
Grains Lower with More Fund Selling, New Lows for Move in Corn and Wheat: Livestock Mixed
More technical selling and fund liquidation in the grains. Lower CO and the higher dollar also pressured the market late. Livestock ended mixed. Michelle Rook has details with Randy Martinson of Martinson Ag.
December 05, 2022 02:08 PM
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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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