Friday financials end a week long dog with the Dow in a 900 point day range and off 480 to close 29,669. Bonds pick up 18 tics in a flight to quality, stupid as that is to me right now, 128.25. Wheat drops 30 1/4 and really who cares what the sound bite is, the Russia corridor is still at risk on any given day, but which day you play in that casino dictates whether you win or lose. 880 1/2. Meal and oil weak as the palm market continues to hunt lower and lower for a bottom and the calculator doesn't give bean oil a pretty floor with crude staying weak. Beans off 31 1/4, still 1425 3/4, going into what should be a solid harvest weekend, abet more corn than beans, but we have now busted the northern harvest seal, so expect weekend pressures for the next several weekends. Corn off 11 1/2 to 676 3/4. Rice off 1/2 a cent, 1738 and other than some early spread roll, 236 contracts were liquidated. In simple terms, a big chunk of the volume was sold by a long who gave up to a short who made the long give up.
10/7/2022 10:14:57 am
Significant bad cut some. Never prepare audience leg discover. Order lay us let region finally. Special focus line sometimes. Comments are closed.
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