|
Buxton ND | Billy Ray's Rally
Friday's rally = Commercial buying to covering these sales below, so THIS MORNING big news WAS traded Friday. Toss in some HFT's and boom we get .20 + of a rally, without the HFT's it would have probably been a nickel or dime.
"Keep it coming! USDA announces an unknown buyer has purchased 249,000 MT of U.S. new-crop #soybeans. #pfnews"
"AND a 1.0 MMT #soybean sale announced to China 2016/2017 #pfnews"
Notice the source ? ? ? There quick to point out export sales, but they ignored the lack of sales this summer at least on Market Rally......
| |
|