AgDay TV Markets Now: Chip Nellinger with Blue Reef Agri-Marketing talks about another risk off day in grains, but says profit taking and rain chances in HRW areas were also factors. What’s the downside risk ahead?
AgDay TV Markets Now: Chip Nelliger Discusses Another Risk Off Day in the Grains and the Downside Risk Going Forward
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing talks about another risk off day in grains but says profit taking and rain chances in HRW areas were also factors. What’s the downside risk ahead?
April 20, 2023 04:36 PM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
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.
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