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.

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.

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Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Kevin Duling with KD Investors says corn and soybeans eased with a 1% improvement in ratings, while the weather is moderating.
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