Geopolitical headlines sparked technical buying in grains and crude oil today, including Russia’s oil production cut. New contract highs in soybean meal due to Argentina production concerns and talk of China soybean business also fueled the soybean rally. Will it continue into next week? And what about future Fed rate hikes? Tommy Grisafi of Advance Trading covers all these topics.
SA Crop Concerns, Geopolitical Headlines Drive Rally in Grains: Including Russia’s Oil Production Cut
Geopolitical headlines sparked technical buying in grains and crude oil today, including Russia’s oil production cut. Argentina crop concerns push soybean meal to new highs. Tommy Grisafi of Advance Trading has more.
February 10, 2023 01:55 PM
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