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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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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