AgDay TV Markets Now: Alan Brugler with Brugler Marketing talks about the ugly day in the grain markets, if China will cancel more export business and looks at the charts to determine when the fund selling may subside.
AgDay TV Markets Now: Alan Brugler Details the Ugly Day in Grain Markets, If China Cancels More Sales and When Selling May Subside
AgDay TV Markets Now: Alan Brugler with Brugler Marketing talks about the ugly day in grain markets, if China cancels more sales and when the selling may subside.
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The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
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