A red day in ag markets with risk off fund selling tied to the implosion in crude oil.  However, Vince Boddicker of Farmers Trading Company says there were other factors including better weather in South America and wheat areas of the U.S. and Black Sea, record Brazil corn and soybean estimates from CONAB, poor China economic news and harvest pressure.  How much technical damage was done and are the funds going to push the short side of the market again?  Cattle and hogs were also lower on profit taking as markets are overbought, plus hedge pressure.  

A red day in ag markets with risk off fund selling tied to the implosion in crude oil.  However, Vince Boddicker of Farmers Trading Company says there were other factors including better weather in South America and wheat areas of the U.S. and Black Sea, record Brazil corn and soybean estimates from CONAB, poor China economic news and harvest pressure.  How much technical damage was done and are the funds going to push the short side of the market again?  Cattle and hogs were also lower on profit taking as markets are overbought, plus hedge pressure.

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets.

Markets Now with Michelle Rook

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets.