Bennett: Funds Focus on Metals, Grains on Sidelines

AgMarket.net analyst Matt Bennett says metals markets have been the main driver of trading activity recently, while grains and other agricultural markets have seen slower movement. Gold and silver, he notes, continue to draw strong fund interest. “Just an absolutely incredible run we’ve seen here,” Bennett said. “The funds really want to own these metals right now. At some point, we’ve got to give a story to buy, obviously fantastic demand for corn, export demands and great ethanol grind has been awfully strong, but the funds are focused on these physical assets.” Bennett added that corn and other grains may see renewed activity next year as funds look to inject weather-related premiums into the market.