AgDay TV Markets Now: Darren Frye says soybeans pull back on end of month profit taking and slight change in the forecast, corn follows and sees more technical selling.
AgDay TV Markets Now: Darren Frye Says Lower Day in Row Crops on End of Month Profit Taking and Shift in Weather
AgDay TV Markets Now: Darren Frye says soybeans pull back on end of month profit taking and slight change in the forecast, corn follows and sees more technical selling.
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Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
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