AgDay TV Markets Now: Dave Chatterton Explains Why Soybeans and Livestock Surged Tuesday

AgDay TV Markets Now: Dave Chatterton with Strategic Farm Marketing says soybeans up a 4th day on SA crop concerns and higher meal, livestock see chart breakouts, with corn sideways.

AgDay TV Markets Now: Dave Chatterton with Strategic Farm Marketing says soybeans up a 4th day on SA crop concerns and higher meal, livestock see chart breakouts, with corn sideways.

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DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
Jon Scheve of Scheve Grain says corn will have a difficult time finding a bottom until harvest pushes past 70%. After that the $8 billion of diesel aid will provide a bridge to help farmers store and wait for better prices.
Arlan Suderman of StoneX says corn and soybean charts have seen damage which triggers algorithmic selling and the end users are content to let the market come to them.
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Yield monitors are telling one story this fall. Settlement sheets are telling another, reports Ken Ferrie, Farm Journal Field Agronomist.
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