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
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
Read Next
In a seismic ruling, the Pennsylvania Supreme Court ruled that wildlife officers may not enter private land without probable cause.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
