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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Alan Brugler with A&N Economics says the bottom line is with that weakness in real, you’re going to see a little more competition out of Brazil on soybean exports when you’re looking at them in dollar terms.
Joe Kooima of Kooima Kooima Varilek says the reaction was a bit muted considering the placements were well below estimates. However, he says some of it was already priced in.
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
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