Wheat futures plummeted dragging the grain complex lower midsession

Grain futures are responsible for pulling corn and soybeans off morning strength, as index funds exit wheat.

Heartland Market Talk
Heartland Market Talk
Wheat futures plummeted dragging the grain complex lower midsession
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In today's Heartland Market Talk we review why wheat futures plummeted so hard today, as index funds are choosing to exit the trade with the USDA having lifted world supplies moderately last week. Bean crush was friendly for soybean oil causing a big reversal of fortune that bean oil has been dealing with as of late. This helped firm soybeans back up into the noon hour with corn recovering as well.

Commodities, futures and options trading involves financial risk and should be considered carefully before making any trades. The information contained on this site is taken from sources, which we believe to be reliable, but is not guaranteed by us as to accuracy or completeness and is provided to you for information purposes only.

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