AgDay TV Markets Now: Darren Frye, Water Street Solutions, says soybeans and meal see profit taking with Brazil rain chances and drag corn down as well.
AgDay TV Markets Now: Darren Frye Says Soybeans and Meal See Profit Taking on Brazil Rain Chances, Drag Down Corn
AgDay TV Markets Now: Darren Frye, Water Street Solutions, says soybeans and meal see profit taking with Brazil rain chances and drag corn down as well.
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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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