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Article: Equity funds up volatility.(Grains/Ingredients)(Statistical data)
- Article from:
- Feedstuffs
- Article date:
- November 20, 2006
- Author:
CopyrightCOPYRIGHT 2006 Miller Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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At a Glance
* Thanksgiving holiday increases profit taking.
* Harvest progress nears five-year average.
* Ingredients market fundamentally tight going into holiday.
THIS fall will go down as anything but typical in the grains market, and unlike the normal quiet trading sometimes seen before holidays, this week is set to bring plenty of volatility.
Last week's prices showed a lot of "pre-holiday going to the bank type of atmosphere," said Tim Hannagan, analyst for Alaron Trading Corp. Traditionally, there is a lot of balancing of accounts going into holidays, but trading remains very unsettled, with equity fund managers using ...