Soybeans and products saw massive fund selling making new lows for the move, which pulled down corn after supportive export news. Wheat saw corrective buying. Live cattle had an inside day but disappointed with cash mixed, lower in the south but higher in the north. New contract lows again in hogs. Chip Nellinger with Blue Reef Agri-Marketing breaks it down.
Soybean Complex Has Ugly Day of Fund Selling Pulling Corn Down: Cattle End Mixed as Well as Hogs after New Contract Lows
Soybeans and products saw massive fund selling pulling down corn. Wheat saw corrective buying. Live cattle post an inside day with new contract lows again in hogs. Chip Nellinger, Blue Reef Agri-Marketing has more.
March 23, 2023 02:22 PM
Related Stories
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?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
