Wheat Tests Limit Down Ahead Of USDA Tomorrow March 8, 2022
With today's new 130 cent expanded trading limit the wheat market certainly did test it, but to the downside? In a wild trading session all May wheat contracts at one point were limit down with option pricing suggesting even lower trades for tomorrow. By the end of the day. moderate losses were noted on the close. Some times the wheat market is just going to wheat.
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Allendale Insider
Allendale Insider
On The Go
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Soybeans and wheat see pressure this week. Corn holds.
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Hogs surpass last week’s high.
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Market Movers
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Funds were aggressive sellers of 41K, now short 135K or 42% of record, solid harvest forecast.
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Market Movers
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