Commodity Wide Sell-off in Ags with “Risk Off” in Outside Markets and Argentina Rains: Did Soybeans do Technical Damage?

Grain and livestock futures saw a commodity wide selloff with the “risk off” in outside markets like crude oil and the higher dollar. But did we do technical damage? Bill Biedermann of AgMarket.Net has the answer.

Grain and livestock futures saw a commodity wide selloff on Tuesday tied to the “risk off” in outside markets like crude oil and the higher dollar. However, weekend rains in Argentina also weighed on soybeans. But did soybean do technical damage closing under $15? Bill Biedermann of AgMarket.Net has the answer.

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