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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Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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