Soybeans end lower as China refutes a change in their COVID policy and corn followed with poor export inspections. Wheat saw light technical buying and the lower dollar supportive. A big up day in livestock on technical buying and money flow. Michelle Rook has analysis with Arlan Suderman of StoneX Financial.
Soybeans Lower as China Refutes Easing COVID Policy, Corn Follows: Technical Buying Supports Livestock and Wheat
Soybeans end lower as China refutes COVID policy change, corn followed. Wheat mostly higher on technical buying. Livestock rally big on a technical correction. Michelle Rook w/ Arlan Suderman of StoneX Financial.
November 07, 2022 02:01 PM
Related Stories
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.
Read Next
Applying a keen sense of business and creating non-farm assets, Tim Nuss unlocks a flywheel effect to propel the Nuss Farms forward.
