Markets are mixed to start with plenty of news to digest, including the WASDE, elections, CPI and China’s news they aren’t easing their COVID policy. Michelle Rook talks with Tomm Pfitzenmaier of Summit Commodity Brokerage.
Mixed Markets on Monday Ahead of WASDE, Election and with News China is Not Easing COVID Policy
Markets are mixed to start with plenty of news to digest, including the WASDE, elections, CPI and China’s news they aren’t easing their COVID policy. Michelle Rook w/Tomm Pfitzenmaier of Summit Commodity Brokerage.
November 07, 2022 08:54 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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