Grains and livestock prices under pressure with commodity wide selling tied to the risk off in outside markets after a bearish CPI numbers. However, reports of higher cash cattle trade may stabilize that market. Michelle Rook gets details with Scott Varilek of Kooima Kooima Varilek.
Lower Opening in Commodity Markets with Risk Off Spillover from Bearish CPI Data: Higher Cash May Stabilize Cattle
Early price pressure with risk off in outside markets after a bearish CPI numbers. Higher cash cattle trade may stabilize that market. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
October 13, 2022 08:45 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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