Technical selling and slow exports weigh on grains, despite sharply lower dollar on CPI news. Cattle stronger with lower corn and higher DOW, with hogs following lower cash, slow exports. Michelle Rook talks with Jeff Hoogendoorn of Professional Ag Marketing.
Grains Lower on Technical Selling & Poor Exports, Despite Sharply Lower Dollar: Lower Corn Supports Cattle
Technical selling slow exports weigh on grains, despite sharply lower dollar. Cattle up on lower corn & higher DOW. Hogs follow lower cash. Michelle Rook w/ Jeff Hoogendoorn of Professional Ag Marketing.
November 10, 2022 11:38 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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