For the most part, agricultural commodity markets ignored the blood bath on Wall Street. December corn broke through resistance, soybeans earned back some of its recent losses, meal closed higher a second day, and wheat fought back against some of its recent weakness. However, soyoil had its sixth day with a lower close, and weak technicals continued to weigh on the beef market.
One notable weird point is that volume was light across the board, except for September HRS, which had higher volume than usual but priced itself in a narrower and lower range than did SRW or HRW. The morning session picked up where the overnight session had left off. The open mimicked the overnight close. Corn, soybeans, and wheat grew strength as the ses...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
