Grains mostly lower with technical selling, the sharply higher dollar, weak exports, plus profit taking in soybeans with lower meal. Cattle consolidate despite steady to higher cash Thursday. Hogs mixed caught between lower cash verses the futures discount and strong exports. Michelle Rook talks with Don Roose of U.S. Commodities.
Grains Mostly Lower With Strong Dollar, Slow Exports, Profit Taking in Soybeans: Cattle Mostly Lower Despite Steady to Higher Cash
Grains mostly lower w/the strong dollar, weak exports & profit taking in soybeans. Cattle consolidate despite steady to higher cash. Hogs down with weaker cash. Michelle Rook w/ Don Roose of U.S. Commodities.
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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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