A mostly lower day in grain and livestock futures with technical selling. Funds were cautious ahead of the Fed announcement of a 50-basis point increase. Don Roose of U.S. Commodities has analysis.
Markets Closed Mostly Lower with Technical Selling, Caution Ahead of Fed Announcement
A mostly lower day in grain and livestock futures with technical selling. Funds were cautious ahead of the Fed announcement of a 50-basis point increase. Don Roose of U.S. Commodities has analysis.
December 15, 2022 07:51 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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