ARE MARKETS GIVING UP? OR IS THERE STILL ROOM FOR A REBOUND?

06 Nov 2026
Markets continued to move lower this week. They are now technically oversold after funds rapidly switched
from long to short positions in wheat and corn. This clear change in sentiment has been driven by new supplies from the US and Southern Hemisphere, strong optimism that the Middle East and Black Sea wars will be resolved soon, and very slow demand as importers continue to buy hand to mouth.

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