Grains open sharply lower on news Russia is extending the export deal. Cattle higher with help from lower corn, but awaiting the Fed decision and cash direction. Hogs set back. @michellerookag with @scottevarilek
Grains Open Sharply Lower as Russia Resumes Export Deal: Cattle Higher with Lower Corn Awaiting Cash and Fed Decision
Grains open sharply lower on news Russia is resuming the export deal. Cattle higher w/lower corn but awaiting Fed decision and cash direction. Hogs set back. @michellerookag w/ @scottevarilek
November 02, 2022 09:11 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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