Mostly higher markets at midday, except corn with help from outside markets and the lower dollar. Black Sea tensions rise to support wheat and even beans. Funds are back in buying in the livestock futures. Michelle Rook talks with Vince Boddicker of Farmers Trading Company.
Markets Higher at Midsession Except Corn: Risk on, Lower Dollar, Black Sea Export Concerns Support with Funds Back in Livestock
Mostly higher markets, except corn with higher equities and a lower dollar. Black Sea tensions support. Funds buying in the livestock futures. Michelle Rook with Vince Boddicker of Farmers Trading Company.
October 17, 2022 11:18 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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