Grain and livestock futures open mixed with better than expected CPI data impacting the outside markets w/ dollar plunging. Exports disappointing and market still digesting the WASDE. Michelle Rook w/ Steve Freed of ADM Investor Services.
Markets Mixed After Poor Exports, Better Than Expected CPI Plunges the Dollar
Grain and livestock futures open mixed with CPI data supporting outside markets & dollar plunging. Exports disappointing and market is still digesting the WASDE. Michelle Rook w/ Steve Freed of ADMIS.
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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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