AgDay TV Markets Now: Don Roose of U.S. Commodities discusses is the funds will keep liquidating in soybeans after taking out key moving averages and if grains can return to trading fundamentals with the Fed decision out of the way.
AgDay TV Markets Now: Don Roose Discusses Fed Action and if Funds Will Keep Selling in Soybeans After Closing Below Key Support
AgDay TV Markets Now: Don Roose of U.S. Commodities discusses is the funds will keep liquidating in soybeans after taking out key moving averages and if grains can return to trading fundamentals after the Fed move.
March 22, 2023 04:49 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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