Commodity-Wide Selling Noted May 18, 2022
There was a general risk-off trade among almost all markets today. The stock market fell 3% from yesterday's close. The S&P 500 stock market index is currently -14% since the end of last year. Today's close was just over the poor closes on 5/11 and 5/12. Fears of a relentless rise in interest rates ahead are a concern. Crude oil, our key focus, fell $3 per barrel today. Grains were also impacted by larger Russian wheat production estimates.
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Allendale Insider
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Market Movers
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Possible light fund short covering yesterday
December 6, 2023
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Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
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SA maps still look solid for rains in the 10 day
December 1, 2023
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Trade expects strong exports and more 8 AM announcements
November 30, 2023
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Open interest continues to fall drastically
November 29, 2023
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