“Is (supply and demand) really driving the day-to-day price action in our marketplace? Oftentimes, I think the answer is not,” says Neil Driscoll, grain platform trader with Louis Dreyfus Commodities.
Big investors and investment groups are contributing to daily price changes, he said. Going forward, he said, “I think it’s important that every single day we tell ourselves, ‘The market is serving a lot of masters.’”