Grains mixed early with soybeans and meal seeing some profit taking after contract highs in meal. Crude oil and the equities lower after the CPI data showing inflation is still alive. Cattle also consolidate after contract highs in live cattle Monday. Darin Newsom of Barchart has details.
Soybeans and Meal Set Back on Profit Taking, Outside Markets React to CPI: Cattle Also Consolidate
Grains mixed early with soybeans and meal seeing some profit taking. Oil and the equities lower after the CPI data showing inflation is still alive. Cattle also consolidate. Darin Newsom of Barchart has details.
February 14, 2023 09:16 AM
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.
