Loading…
Grain futures dropped sharply on Friday after a rally driven by fund buying reversed, with wheat and corn falling from multi-month highs and soybeans also lower. Traders attributed the selloff to fund liquidation rather than new fundamental news.
Fund liquidation pushes grain prices down quickly, and the drop cuts the cost of corn and wheat for feed buyers while the price swing adds volatility.
climateerinvest.blogspot.comPosted by
climateerApr 23, 2016Not enough comparable past events yet for a historical read.
Not 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.
