Grains open mostly higher, except wheat, trading risk on in outside markets, lower dollar, China COVID easing, SA weather. Live cattle and hogs extend gains and put in new contract highs after USDA reports.
Mostly Higher Markets Except Wheat, Feeders: Trading Outside Markets, SA Weather and Reports
Grains open mostly higher, except wheat, trading risk on in outside markets, lower dollar, China COVID easing, SA weather. Live cattle and hogs extend gains and put in new contract highs after USDA reports.
December 27, 2022 09:02 AM
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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.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
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