AgDay TV Markets Now: Alan Brugler, Brugler Marketing, explains why corn and soybeans closed lower on Friday after USDA cut yield for both crops.
AgDay TV Markets Now: Alan Brugler Explains Why Corn and Beans Close Lower After USDA Cuts Yields on Both
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, explains why corn and soybeans closed lower on Friday after USDA cut yield for both crops.
August 11, 2023 06:04 PM
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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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