The president of a global brokerage company said she expects to see more volatility in the grain market following USDA’s release of the October WASDE report.
But Virginia McGathy, president of McGathy Commodities Corporation, tells Brownfield the market didn’t initially move much following the report.
“I thought it would’ve been a little bit more wild of a market,” McGathy said. “Meaning, that if we rallied up [there] would be big selling and it would push the market down and that we would perhaps have a limit move.