AgDay TV Markets Now: Garrett Toay, AgTraderTalk, discusses if new crop corn can get to $6 or soybeans to $13 on this weather rally?
AgDay TV Markets Now: Garrett Toay Discusses if New Crop Corn Can Get to $6 or Beans to $13?
AgDay TV Markets Now: Garrett Toay, AgTraderTalk, discusses if new crop corn can get to $6 or soybeans to $13 on this weather rally?
June 15, 2023 09:26 PM
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Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
Darin Newsom, senior market analyst with Barchart, says the funds set the direction of the trend the problem is they have skewed the markets to the point that the real fundamentals in agriculture don’t really matter.
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