Grains higher on risk on day in outside markets, fund buying and fresh soybean export biz. Live cattle make new highs for the move on higher cash and fund buying, COF positioning. But feeders and hogs consolidate with higher corn. Michelle Rook talks with Jeff Hoogendoorn of Professional Ag Marketing.
Higher Cash, Funding Buying Pushes Live Cattle, While Hogs Consolidate: Grains See Fund Buying with Export Biz, Risk on Outside Markets
Live cattle new highs w/ higher cash, feeders and hogs consolidate. Grains up with funding buying, risk on outside markets and soybean export biz. Michelle Rook is with Jeff Hoogendoorn, Professional Ag Marketing.
October 20, 2022 11:32 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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