AgDay TV Markets Now: Brian Grete, Pro Farmer, discusses why corn failed again at $5 and the demand news that rallied soybeans.
AgDay TV Markets Now: Brian Grete Discusses Why Corn Failed Again at $5 and the Demand News That Rallied Soybeans
AgDay TV Markets Now: Brian Grete, Pro Farmer, discusses why corn failed again at $5 and the demand news that rallied soybeans.
October 16, 2023 05:30 PM
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
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