AgDay TV Markets Now: Darin Newsom with Barchart says funds still buying and chasing Black Sea headlines in wheat, while profit taking hits row crops Thursday.
AgDay TV Markets Now: Darin Newsom says Black Sea Headlines Sustain Fund Buying in Wheat, Row Crops See Profit Taking
AgDay TV Markets Now: Darin Newsom with Barchart says funds still buying and chasing Black Sea headlines in wheat, while profit taking hits row crops Thursday.
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Mark Schultz of Northstar Commodity, says the corn market may be running out of sellers as the funds have liquidated a big chunk of their long position. However, it is too early to call a bottom with corn harvest still underway.
Greg McBride of Allendale says corn and soybean futures are trying to bounce as they are oversold, the key is what will it take to bottom the markets?
Randy Martinson of Martinson Ag says soybeans are trying to bounce early Tuesday with talk of China looking for more soybeans and a stabilization of the real.
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