Markets are mixed and quiet early today. Can corn and wheat recover after the technical damage done last week or will funds continue to sell? Soybeans continue to be supported by SA weather and China’s easing COVID policy, despite the implosion in BO. What’s ahead for cattle in the new year? Kevin Duling of KD Investors has details.
Markets Mixed Early: Soybeans Up with China COVID Policy Easing, Will Funds Keep Selling Corn and Wheat?
Markets are mixed early. Can corn and wheat recover after technical damage or will funds sell more? Soybeans up on easing China COVID policy. What’s ahead for cattle? Kevin Duling of KD Investors has details.
December 05, 2022 08:56 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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