Livestock continue to rally on technical buying and strong fundamentals. Grains mixed with corn and soybeans seeing technical selling, harvest pressure and export concerns, wheat bounces. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
Livestock Rally on Technical Buying and Strong Fundamentals: Corn and Beans See Fund Selling, Harvest Pressure and Export Concerns
Livestock rally on technical buying and strong fundamentals. Corn and beans see fund selling, harvest pressure and export concerns, wheat bounces. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
October 19, 2022 08:47 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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