AgDay TV Markets Now: Garrett Toay, AgTraderTalk, says corn and beans see technical selling is a risk-off market day and fade friendly export news. Wheat saw short covering after getting oversold.
AgDay TV Markets Now: Garrett Toay Says Row Crops See Risk Off Technical Selling, Trumps Friendly Export News
AgDay TV Markets Now: Garrett Toay, AgTraderTalk, says corn and beans see technical selling is a risk-off market day and fade friendly export news. Wheat saw short covering after getting oversold.
October 26, 2023 05:14 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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