Index funds exploded buying everything out of the gates today taking everything they can get their hands on in soft commodities along with grains.
Index funds exploded buying everything out of the gates today taking everything they can get their hands on in soft commodities along with grains.
Wheat futures tumbled hard today dragging grains with on a strong US dollar problem.
Soybeans have rallied $0.75 in 5 trading sessions, courtesy of soybean meal.
Not very often you see soybeans sharply higher twice in a week.
New contract highs in the winter wheat contracts are in the US as French wheat scores new high values.
Grain futures exploded for corn and wheat today as China is in Ukrainian corn, and Russia will raise taxes on wheat.
The USDA surprised the trade today by creating a bullish outcome for soybeans.
It's become universal that the trade is anticipating higher yields and less exports in Tuesday's crop report.
Grain futures have seen relentless selling since the opening of the month and the strategic turn window we always study.
Disappointment over soybean exports amplified the day when it was announced Brazil would have new crop beans deliverable at the end of December.