By: Kelley Fornoff – Grains finished higher on a bit of short covering that was spurred by a stronger Real but the Dollar was also stronger today, although it seems to be nearing a top for now. A US delegation is set to arrive in Beijing tomorrow for another round…
Commentary
Free Commentary
By: Dan Hueber – It would appear that the bear will not be satisfied until it has cleaned every ounce of flesh remaining on the long-dead bull’s carcass. The selling yesterday appeared to be a combination of additional fund selling and exasperation on the part of the few remaining longs…
Daily Market Comments
By: Dan Hueber – It would appear that the bear will not be satisfied until it has cleaned every ounce of flesh remaining on the long-dead bull’s carcass. The selling yesterday appeared to be a combination of additional fund selling and exasperation on the part of the few remaining longs…
Afternoon Grain and Cattle Recap
Grains – Kelley Fornoff Grains continued to slide lower on further fund selling and cheaper South American corn and soybean prices weighing on those here in the US. The Brazilian Real was also weaker today while the Dollar was stronger. On the corn side, the weekly EIA report showed ethanol…