Grains continue to see fund selling with SA rains, a lack of supportive news and thin holiday volume. Livestock are trading both sides of steady, but nearby futures are still pricing in recession and demand concerns and failing to add weather premium. Vince Boddicker of Farmers Trading Company has details.
Holiday Trade Hits: Funds Continue to Liquidate in the Grains, Two-Sided Trade in Livestock
Grains continue to see fund selling with a lack of supportive news and thin holiday volume. Livestock are trading both sides of steady. Vince Boddicker of Farmers Trading Company has details.
December 19, 2022 11:22 AM
Related Stories
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.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
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.
