After early profit taking live cattle are off lows with the bullish COF and cash ideas supportive. Hogs are seeing fund buying and bull spreading, while corn is two-sided watching CO and the dollar. Michelle Rook w/Brad Kooima of Kooima Kooima Varilek.
LC Two Sided on Profit Taking vs. Bullish COF & Cash Ideas, Hogs See Fund Buying: Corn 2-Sided
Live cattle see profit taking after bullish COF and cash ideas. Hogs seeing fund buying and bull spreads, corn is two-sided watching outside markets. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
November 22, 2022 11:51 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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