AgDay TV Markets Now: DuWayne Bosse of Bolt Marketing says risk off fund selling and weather pull down corn and wheat, but soybean technicals more bullish.
AgDay TV Markets Now: DuWayne Bosse Says Weather and Risk Off Fund Selling Hit Wheat and Corn, While Soybean Technicals More Bullish
AgDay TV Markets Now: DuWayne Bosse of Bolt Marketing says risk off fund selling and weather pull down corn and wheat, but soybean technicals more bullish.
May 01, 2023 05:20 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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