Grains mixed early with soybeans consolidating despite strong weekly exports, technical buying supporting wheat and corn. Livestock see follow through selling, profit taking and hedge pressure with lower product values. Kent Beadle with Paradigm Futures.
Grains Mixed Early: Livestock See Follow Through Selling Pressure
Grains mixed early with soybeans consolidating despite strong weekly exports, technical buying supports wheat and corn. Livestock see more consolidation with lower products. Kent Beadle with Paradigm Futures.
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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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