Corn and wheat under pressure with COVID news in China and poor export inspections. Soybeans turn back higher with better export news and a rebound in crude oil. Livestock lower on demand fears. Michelle Rook is w/Shawn Hackett, Hackett Financial Advisors
Grains Turn Mixed as Soybeans Rebound on Export News: Livestock Lower on Demand Fears
Corn and wheat lower on China COVID concerns, poor exports. Soybeans reverse w/strong exports and a rebound in crude oil. Livestock down on demand fears. Michelle Rook is w/Shawn Hackett, Hackett Financial Advisors
November 28, 2022 11:34 AM
Related Stories
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.
Read Next
Applying a keen sense of business and creating non-farm assets, Tim Nuss unlocks a flywheel effect to propel the Nuss Farms forward.
