A mostly lower day in grain and livestock futures with technical selling. Funds were cautious ahead of the Fed announcement of a 50-basis point increase. Don Roose of U.S. Commodities has analysis.
Markets Closed Mostly Lower with Technical Selling, Caution Ahead of Fed Announcement
A mostly lower day in grain and livestock futures with technical selling. Funds were cautious ahead of the Fed announcement of a 50-basis point increase. Don Roose of U.S. Commodities has analysis.
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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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