AgDay TV Markets Now: Jim McCormick, AgMarket.Net, explains why corn rallied despite the lower day in soybeans and the plunge in cattle.
AgDay TV Markets Now: Jim McCormick Explains Why Corn Rallied Despite the Slide in the Soy Complex
AgDay TV Markets Now: Jim McCormick, AgMarket.Net, explains why corn rallied despite the lower day in soybeans and the plunge in cattle.
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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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