Macro selling ends the week. September 23, 2022
The general commodity complex was under control of outside market issues today. After yesterday's relatively benign reaction to the Federal Reserve meeting the size of today's declines were more than the trade expected to see. The S&P 500 contract came close to testing those prior lows posted in June. The US dollar index soared to another new high for its uptrend. Today's jump was 172 points at last count. Crude, the marker of energy prices that grains monitor closely, fell $5 today and posted a new low for its current downtrend as well as a new low-close. Almost every commodity market was in the red today.
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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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