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.

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.

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Grain markets were lower on Wednesday and to start Thursday, seeing profit taking after hitting key chart resistance and with cooler, wetter extended weather forecast for the Midwest. That’s according to Randy Martinson with Martinson Ag.
Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
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