Grains see early pressure removing war/risk premium, with lower crude oil & testing support areas, despite a 73.5 mb sale of corn to Mexico. Cattle and hogs higher with the pullback in corn. Michelle Rook w/ Kevin Duling of KD Investors.
Grains See Technical Selling Removing War Premium: Cattle and Hogs Higher with Lower Corn
Grains see early technical selling removing war/risk premium, with lower CO. Testing support areas, despite a 73.5 mb corn to Mexico. Cattle & hogs higher w/lower corn. Michelle Rook w/ Kevin Duling KD Investors.
November 16, 2022 09:04 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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