Grains mostly higher early except for corn. However, corn basis levels are still at 20 year highs providing selling opportunities. Soybeans are supported by SA weather, but can we stay above $15? Nick Tsiolis of Farmers Keeper has details.
Grains Mostly Higher Except Corn with Soybeans Back Above $15: With Strong Corn Basis When Should Farmers Sell?
Grains mostly higher early except corn. Yet, corn basis is at 20-year highs, so when should you sell? Soybeans supported by SA weather, but can we stay above $15? Nick Tsiolis of Farmers Keeper has details.
December 28, 2022 09:04 AM
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Scott Varilek with Kooima Kooima Varilek says the outside market news has been a factor in cattle but the main catalyst for the selling has been sharply lower cash trade which started breaking early in the week.
Bryan Doherty with Total Farm Marketing says speculative selling is a common theme in the commodity markets.
Chip Nellinger of Blue Reef Agri-Marketing says the soybean complex saw technical selling with funds still holding a sizable long in soybeans and meal.
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