AgDay TV Markets Now: Mark Schultz of Northstar Commodity says funds are selling in grains with the lack of a bullish supply or demand story.
AgDay TV Markets Now: Mark Schultz Says Funds Sell in Grains on Lack of Bullish Supply and Demand Story
AgDay TV Markets Now: Mark Schultz of Northstar Commodity says funds are selling in grains with the lack of a bullish supply or demand story.
May 18, 2023 10:08 PM
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The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
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