A higher midday trade except corn. Soybeans supported by China demand news and rally in meal tied to Argentina weather. Wheat and hogs up on end of the month short covering, while cattle rally with some $155 cash. Jeff Hoogendoorn of Professional Ag Marketing has details.
Markets Mostly Higher at Midsession, Except Corn
A higher midday trade except corn futures, with new highs for the move in soybeans. Michelle Rook gets details with Jeff Hoogendoorn of Professional Ag Marketing.
November 30, 2022 11:36 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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