Mostly lower markets with spillover from a risk off day in outside markets w/election reaction and report positioning. Soybeans are holding up better with 17 mb of export biz. Michelle Rook talks with Rich Nelson of Allendale.
Grains Mostly Lower with Outside Market Spillover and Report Positioning: Livestock Mixed
Mostly lower markets with spillover from a risk off day in outside markets w/election reaction, report positioning. Soybeans are holding up w/ 17 mb of export biz. Michelle Rook with Rich Nelson of Allendale.
November 09, 2022 08:50 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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