AgDay TV Markets Now: Alan Brugler, Brugler Marketing, says additional China wheat buys will be needed for funds to cover their short position and corn could follow. Cattle make new lows and may not be done going down yet.
AgDay TV Markets Now: Alan Brugler says More China Wheat Buys Needed to Fuel Rally, Cattle Make New Lows
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, says China needs to buy more wheat to get funds to cover their short position and corn could follow. Cattle make new lows and may not be done going down yet.
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Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
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