Grains end mixed despite a risk on day in outside markets, including the sharply lower dollar. Export inspections disappoint in corn and wheat. Livestock futures end sharply higher on fund and chart-based buying, strong cash and product values. Michelle Rook has analysis with Arlan Suderman, Chief Commodities Economist for StoneX Group, Inc.
Grains Mixed Despite Risk on Outside Markets, Lower Dollar While Livestock Higher on Fund Buying, Strong Product and Cash Values
Michelle Rook talks with Arlan Suderman, StoneX, about Monday’s markets.
October 17, 2022 02:58 PM
Related Stories
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.
The joint letter highlights a 150% spike in fertilizer prices and calls for immediate relief for the struggling U.S. farm economy.
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
Read Next
Dust became dollars in one of the wildest agriculture crimes on record.
