IN-DEPTH MARKET ANALYSIS: Wednesday was a risk-off day in the agricultural commodity markets. Everything was in the red except hogs with spillover from the selloff in the equity sector after Fed Chair Jerome Powell made hawkish comments about the economy and interest rates. However, the grain markets were very overbought, especially in wheat after the run up to new highs. Michelle Rook talked to Chip Nellinger with Blue Reef Agri-Marketing to get the full analysis.
MARKET WATCH: Grains Slump, Hogs for the Win on Wednesday
IN-DEPTH MARKET ANALYSIS: Wednesday was a risk-off day in the agricultural commodity markets.
(National Pork Board and the Pork Checkoff)
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
In a phenomenally audacious raid, Henry Wickham gathered, pilfered, and delivered 70,000 seeds of monopoly.
