Grains see technical selling removing Black Sea war and SA weather premium. Mexico in for U.S. corn biz. Buy it before you ban it? Cattle higher with lower corn, but rangebound? Michelle Rook talks with Joe Vaclavik of Standard Grain.
Grains Lower with Technical Selling, Removing War and Weather Premium: Despite Largest Mexican Corn Buy Ever
Grains see technical selling removing Black Sea war and SA weather premium. Mexico largest single purchase of U.S. corn ever. Buy it before you ban it? Michelle Rook talks with Joe Vaclavik of Standard Grain.
November 16, 2022 11:27 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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