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Grains have an ugly close on Friday and post lower weekly closes despite strong exports. Tommy Grisafi with Advance Trading says grain markets saw harvest pressure, but were also removing weather premium and Russia's changing wheat export policy was also a factor. The key will be will the funds sell more next week and push corn and soybeans back into contract lows or will the lower prices uncover more demand that provides support?
See omnystudio.com/listener for privacy information.
By Michelle RookGrains have an ugly close on Friday and post lower weekly closes despite strong exports. Tommy Grisafi with Advance Trading says grain markets saw harvest pressure, but were also removing weather premium and Russia's changing wheat export policy was also a factor. The key will be will the funds sell more next week and push corn and soybeans back into contract lows or will the lower prices uncover more demand that provides support?
See omnystudio.com/listener for privacy information.

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