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.
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Chip Nellinger of Blue Reef Agri-Marketing says the soybean complex saw technical selling with funds still holding a sizable long in soybeans and meal.
Joe Kooima of Kooima Kooima Varilek says the bounce in cattle isn’t unexpected as Friday’s selloff may have been overdone and with the financial markets seeing a recovery.
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
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