Speculators have been reducing their market exposure for the last several sessions but today still had some unique attributes:
Higher volume in corn, SRW, feeder cattle and lean hogs. Above average volume in corn despite the trading range only being six cents. November soybeans had a relatively narrow 11-cent trading range, and the gains were larger in the longer dated contracts. Gains were also larger in longer dated SRW contracts. There were 66,478 December soyoil contracts traded and the result was zero change in price. Higher volume in the October feeder cattle contract drove it to a new intra-session high.
What you are reading is not the totality of the market but the synthesis of many different analyses. USDA&rs...
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