Grain and livestock futures mixed early on pre-holiday positioning. Grains still watching looming demand concerns such as China’s COVID cases, a possible rail strike and exports. How long can cash grain prices remain at historically high levels? Michelle Rook finds out with Nick Tsiolis of Farmer’s Keeper.
Grains Mixed as Demand Concerns Loom: How Long Can Cash Grain Prices Stay at Historically High Levels?
Grain and livestock futures mixed on holiday trade. Grains also watching looming demand concerns. So how long can cash grains prices remain historically strong? Michelle Rook with Nick Tsiolis of Farmer’s Keeper.
November 23, 2022 09:06 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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