Another day of commodity wide selling and fund liquidation in grain and livestock futures. It’s being driven partly by recession and economic concerns and China COVID cases. Darin Newsome with Barchart has details and talks about why he doesn’t believe recession is or will take place.
Commodity Wide Sell Off with More Fund Liquidation: Are Recessionary Fears Really Warranted?
Another day of commodity wide selling and fund liquidation in grain and livestock futures. It’s being driven partly by recession and economic concerns and China COVID cases. Darin Newsome with Barchart has details.
January 05, 2023 11:22 AM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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