Grain mostly higher early with risk on in outside markets and the lower dollar, plus wheat is putting in some war and weather premium. Cattle back higher with the equities up and higher cash last week, while hogs are mixed to lower on spreading and consolidation. DuWayne Bosse from Bolt Marketing joins Michelle Rook.
Markets Mixed Early with Risk on in Outside Markets and Lower Dollar: Wheat Putting in War Premium
Markets mostly higher with risk on in outside markets, lower dollar and wheat is putting in war premium. Cattle follow DOW & higher cash, while hogs consolidate. DuWayne Bosse Bolt Marketing joins Michelle Rook.
October 17, 2022 08:57 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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