East Central South Dakota | My merchandiser friend said one week ago there was a tremendous number of bushels at sell stops at $4.48. The market traded up to $4.48 and faded fast when this farmer selling hit. Farmers sold grain and funds got a little covered. Farmers will now hold for a while and market will plug along till next wave of farmer selling hits and funds cover. Wash, rinse and repeat. Today's action was textbook. |
sell stops hitting stopped rally.....
