date:Mar 17, 2016
on Wednesday, a gentle retreat was in vogue among grain contracts, amid talk of contracts becoming overbought, and of funds having achieved a stack of the position-closing needed to make their short betting look less overcooked.
I expect the market to drift off recent highs with further short-covering losing momentum, said Nick Sax at Minneapolis-based broker Benson Quinn Commodities, an analysis which chimed with the market mood.
At Halo Commodity Company, Tregg Cronin flagged the negative to