Grains slide into the end of the month and pre-holiday with technical selling and positioning but a chance of rain in the southern corn belt also weighed on the markets. Cattle traded 2-sided but recovered after steady cash broke at $179 in the south, while hogs saw fund liquidation with lower cash. Chip Nellinger, Blue Reef Agri-Marketing has more.
Grains Slide End of Month with Hint of Rain: Cattle Recover with Steady Southern Cash
Grains slide on end of month, pre-holiday squaring w/a hint of rain in the forecast. Cattle recovered w/steady southern cash at $179, while hogs followed lower cash. Chip Nellinger, Blue Reef Agri-Marketing has more.
August 31, 2023 02:56 PM
Related Stories
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?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
