Grains open lower with a risk off day in outside markets and export concerns. Live cattle hit more new contract highs off the bullish report, while hogs see profit taking. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
Grains Under Pressure from Risk Off Outside Markets: Live Cattle Make Contract Highs on Bullish Report
Grains open lower with a risk off in outside markets. Live cattle hit more new contract highs off the bullish report, hogs see profit taking. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
October 24, 2022 08:50 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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