Live cattle bounce off support but where is the market headed? Hogs see more technical buying. Corn holds support at 6.50 and bounces with the soybeans and crude oil, lower dollar. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
Live Cattle, Corn and Soybeans Bounce Off Support with Higher CO, Lower Dollar: Hogs See Technical Buying
Live cattle bounce off support but where is the market headed? Hogs see more technical buying. Corn holds support at 6.50 and bounces w/soybeans and CO. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
November 15, 2022 11:31 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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