AgDay TV Markets Now: Garrett Toay of AgTraderTalk says grains oversold and rally on short covering but hard to sustain during harvest.
AgDay TV Markets Now: Garrett Toay says Grains Higher on Short Covering but Rallies Hard to Sustain During Harvest
AgDay TV Markets Now: Garrett Toay of AgTraderTalk says grains oversold and rally on short covering but hard to sustain during harvest.
September 21, 2023 11:54 AM
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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.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
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