AgDay TV Markets Now: Brad Kooima of Kooima Kooima Varilek discusses the weather rally in row crops and if it can be sustained after running into chart resistance. And has the cattle market put in a short term top?
AgDay TV Markets Now: Brad Kooima Discusses the Price Potential in the Weather Market and if Cattle Have Topped Short Term
AgDay TV Markets Now: Brad Kooima of Kooima Kooima Varilek discusses the weather rally in row crops and if it can be sustained after running into chart resistance. And has the cattle market put in a short term top?
June 13, 2023 06:03 PM
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Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
Darin Newsom, senior market analyst with Barchart, says the funds set the direction of the trend the problem is they have skewed the markets to the point that the real fundamentals in agriculture don’t really matter.
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