The grain market has been a two-sided affair. AgriSompo North America market analyst Sterling Smith says traders have concerns about the economy. “I think we are having this ongoing investor exit from the commodity trade; they are fearful of the Fed taking overly aggressive action and that is taking that money out of the commodity market.” Fundamentals have gone to the wayside. Smith cited the cotton market where the crop is in very poor condition, but prices are going lower. “The market isn’t trading facts. It’s trading managed money.”
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