Grains continue to put in weather premium, with the drop in crop ratings and fund buying. How high will the market go to price in the lower yield? Cattle continue to consolidate with higher corn and lower csah, but how much more will prices drop? Hogs see profit taking after a $20 rally off the lows and with higher meal. Vince Boddicker, Farmers Trading Company has more.
Grains Put in Weather Premium on Drop in Crop Ratings, Fund Buying: Cattle and Hogs Consolidate with Higher Feed Costs
Grains put in weather premium, with the drop in crop ratings and fund buying. Cattle continue to consolidate with higher corn, lower cash. Hogs see profit taking. Vince Boddicker, Farmers Trading.
June 21, 2023 11:36 AM
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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.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
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