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.
December 05, 2023 07:35 AM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
