Sea of Red as Funds Sell Commodity Wide on Looming Government Shutdown

Markets end in a sea of red and with lower weekly closes as funds sell on the looming government shutdown. That seemed to trump all other news including USDA’s reports. DuWayne Bosse, Bolt Marketing, has more.

Markets end in a sea of red and with lower weekly closes as funds liquidate on the looming government shutdown. That seemed to trump all other news including USDA’s reports. DuWayne Bosse, Bolt Marketing, wraps up the week.

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Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
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