AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing, discusses the big rally in soybeans and corn on Friday and if the markets can continue the trend next week.
AgDay TV Markets Now: Bryan Doherty Discusses Why Soybeans, Meal and Corn Rallied Friday and If it Will Continue?
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing, discusses the big rally in soybeans, meal and corn on Friday and if the markets can continue the trend next week.
November 03, 2023 06:16 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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