AgResource Midday Commentary; Massive Soyoil Fund Selling Early in the CBOT Trading Session Sets a Bearish Tone in Holiday Volume
CBOT futures are mixed at midday wheat/soybeans lower while corn and soymeal try to hold in the green. The momentum trading (algo) systems have provided all the selling fireworks in thin holiday volume. Active volume of trade can be found in January soyoil, January soybeans and March corn futures. There has been active corn/soybean spread…