Livestock seeing fund selling again and spillover from the lower DOW. Light cash cattle trade developing at $248 and $155. Soybeans and products consolidate, with corrective buying in wheat, which is supporting corn. Scott Varilek of Kooima Kooima Varilek has details.
More Fund Selling in Livestock with Lower DOW: Grains Mixed on Technical Buying and Selling
Livestock seeing fund selling again and spillover from the lower DOW. Soybeans and products consolidate, with corrective buying in wheat, corn is following. Scott Varilek of Kooima Kooima Varilek has details.
December 15, 2022 11:25 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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