AgDay TV Markets Now: Alan Brugler, Brugler Marketing discusses the mixed day in #grains as traders position and take profits before the holiday. Weather, exports and the debt ceiling discussions were also top of mind.
AgDay TV Markets Now: Alan Brugler Says Grains Were Mixed Thursday on Pre-Holiday Profit Taking But Watching Weather
AgDay TV Markets Now: Alan Brugler, Brugler Marketing discusses the mixed day in #grains as traders position and take profits before the holiday. Weather, exports and the debt ceiling talks were also key.
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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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