AgDay TV Markets Now: Alan Brugler, Brugler Marketing says soybeans close higher on profit taking and end back above August lows, corn got help from Mexican export biz. So, are the markets making early harvest lows or just being cautious before USDA reports?
AgDay TV Markets Now: Alan Brugler Says Soybeans Higher on Profit Taking, Corn on Export Biz. Are Harvest Lows Close?
AgDay TV Markets Now: Alan Brugler, Brugler Marketing says soybeans close higher on profit taking, corn on Mexican export biz. So, are the markets making early harvest lows or just being cautious before USDA reports?
September 25, 2023 05:28 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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