I know it's a fool's errand. But if the dunce cap fits, you might as well wear it.
I'm talking about making sense of the futures market on a daily basis, fully explaining each floor trading settlement as a logical consequence of basic fundamentals (or at least loosely rational implications of outside markets and/or world events).
Some days I can weave a plausible narrative. Some days it's like writing a novel entitled "Zombies in Space."
Starting the last trading week in March, today's action landed somewhere in the middle.
On one hand, live cattle contracts closed the session moderately higher, ...