Cattle and hogs recover with a bounce in the stock market and lower corn. Are funds done liquidating? Soybeans make a new low for the move then bounce, but corn and wheat are lower. Harvest pressure, report positioning, rains in HRW areas are all factors. Brad Kooima, Kooima Kooima Varilek says details.
Livestock Recover with Higher Equities: Soybeans Make New Lows then Bounce, Corn and Wheat Lower
Cattle and hogs recover with a bounce in the stock market and lower corn. Soybeans bounce off new lows, but corn and wheat are lower. Brad Kooima, Kooima Kooima Varilek says details.
October 10, 2023 09:40 AM
Related Stories
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.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
