AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing says soybeans bounce and may have taken out enough weather premium, but corn is vulnerable. Cattle bounce off support with higher product values.
AgDay TV Markets Now: DuWayne Bosse says Soybeans May Have Taken Out Enough Weather Premium but Corn Still Has Downside Risk
AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing says soybeans bounce and may have taken out enough weather premium, but corn is vulnerable. Cattle bounce off support with higher product values.
August 01, 2023 05:39 PM
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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.
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