AgDay TV Markets Now: Alan Brugler of Brugler Marketing talks about the risk aversion in commodity markets with the uncertainty in the banking sector and awaiting the FOMC decision on interest rates on Wednesday. The exception was soybeans which bounced off support.
AgDay TV Markets Now: Alan Brugler Says Uncertainty on Banking, FOMC Decision Hits Commodities Again Monday
AgDay TV Markets Now: Alan Brugler of Brugler Marketing talks about the risk aversion in commodity markets with the uncertainty in the banking sector and awaiting the FOMC decision.
March 20, 2023 05:17 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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