Commodities were all lower on Wednesday in a risk off day in outside markets, including a higher dollar. Plus, bearish weather had funds selling hard and fading news of more Ukraine port damage. Charts got beat up for corn and soybeans, but cattle still in a strong uptrend. Matt Bennett, AgMarket.Net has analysis.
Risk Off in Outside Markets Triggers Fund Selling Across the Commodities, Weather Adds to Bearish Tone
Commodities all lower with risk off day in outside markets. Plus, weather had funds selling, ignoring new war news. Charts got beat up for row crops, cattle still in an uptrend. Matt Bennett, AgMarket.Net has more.
August 02, 2023 02:43 PM
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