Downside Likely Limited for Grains: Feltes
By Kristina Zurla Landgraf • May 14th, 2009 • Category: Market Updates, Trader ViewpointsIn his morning agricultural market notes, MF Global Research Director Rich Feltes said while lower crude oil, a higher dollar and the CRB’s break below its 200 DMA may be pointing to early weakness for grains, the “bottom line” is that the downside is likely limited.
“Fund money still coming in and eastern planting delays will [...]
