Grains, cotton and livestock end lower as a risk off day in equities spills over. However, grains also saw follow through technical selling and were removing weather premium with precip chances in Argentina and the U.S. Southern Plains. Livestock were also pressured by lower cash. Full analysis with Darren Frye of Water Street Solutions.
Markets End Mostly Lower in a Risk Off Day: Grains Removing Weather Premium
Ag markets end lower as a risk off day in equities spills over. Grains also saw technical selling and removed weather premium. Lower cash also weighed on livestock. Darren Frye of Water Street Solutions has more.
January 19, 2023 02:29 PM
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
East-central Iowa field agronomist says misjudging corn growth stage, not herbicide choice, can be the biggest risk in post-emerge passes.
