AgDay TV Markets Now: Darin Newsom with Barchart talks about what triggered the fund selling in the grains to end the week and if farmers lost their shot to sell new crop corn and beans.
AgDay TV Markets Now: Darin Newsom Talks About What Triggered the Lower Week in Grains and If Farmers Lost Their Shot to Sell New Crop
AgDay TV Markets Now: Darin Newsom with Barchart talks about what triggered the fund selling in the grains to end the week and if farmers lost their shot to sell new crop corn and beans.
April 21, 2023 04:41 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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