Risk off in outside markets and increasing inflation talk sparks more fund and technical selling on Friday in the grains. With lower weekly closes will the funds continue to liquidate longs next week? Arlan Suderman of StoneX Group has the answer.
Risk Off Day Friday Causes Fund Liquidation in Grains: With Lower Weekly Closes Will Technical Selling Continue?
Risk off in outside markets, increasing inflation talk sparks more technical selling in grains. With lower weekly closes will the funds continue to liquidate next week? Arlan Suderman of StoneX has the answer.
February 24, 2023 02:24 PM
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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.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
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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