AgDay TV Markets Now: Brian Grete, Editor of Pro Farmer, says corrective buying drove the rebound in the grain markets plus funds selling took a pause before the WASDE.
AgDay TV Markets Now: Brian Grete Talks About the Corrective Action in the Grains Pre-WASDE
AgDay TV Markets Now: Brian Grete, Editor of Pro Farmer, says corrective buying drove the rebound in the grain markets plus funds selling took a pause before the WASDE.
January 09, 2024 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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