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Stocks and grain futures pulled back as traders took profits ahead of the Thanksgiving holiday. Liquidation in December contracts ahead of Friday's options expiration pushed wheat and corn toward major strike prices.
Profit-taking and option-expiry liquidation add short-term downside pressure to corn and wheat without any change in fundamentals.
farmprogress.comNov 23, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
