AgDay TV Markets Now: Bryan Doherty of Total Farm Marketing pinpoints what caused the selloff in grains to start 2024 and how much more pressure he expects.
AgDay TV Markets Now: Bryan Doherty Discusses What Caused the Selloff in Grains to Start 2024
AgDay TV Markets Now: Bryan Doherty of Total Farm Marketing pinpoints what caused the selloff in grains to start 2024 and how much more pressure he expects.
January 02, 2024 05:15 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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