Money flow and fund selling continue to be bearish for soybeans and livestock, while wheat is seeing short covering. Corn also boosted by China’s buying spree. Details with Darren Frye of Water Street Solutions.
Money Flow and Fund Selling Bearish for Soybeans and Livestock: China Buying Spree Supports Corn
Money flow and fund selling continue to be bearish for soybeans and livestock, while wheat is seeing short covering. Corn also boosted by China’s buying spree. Details with Darren Frye of Water Street Solutions.
March 17, 2023 11:31 AM
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The grain market failed on profit taking as traders want to see more details on China purchases or flash sales says Brian Grete with CommStock Investments.
Lane Akre, economist with Pro Farmer, says much of the China news is priced into grain futures so to continue to see momentum the market will need to see some proof of purchases.
Mike Zuzolo with Global Commodity Analytics says the $17 billion is above the 25 MMT of soybean purchases China committed to in October of 2025.
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