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
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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