AgDay TV Markets Now: John Heinberg, Total Farm Marketing, discusses how low corn needs to go to price in record yield and production. Does the soybean market have the bearish news already factored in?
AgDay TV Markets Now: John Heinberg Discusses How Low Corn May Fall on Record Yield and Production
AgDay TV Markets Now: John Heinberg, Total Farm Marketing, discusses how low corn needs to go to price in record yield and production. Does the soybean market have the bearish news already factored in?
January 12, 2024 05:27 PM
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Soybeans ended higher as rumored export business was confirmed by USDA with a flash sale of 13.2 million bu. sold to unknown destinations. However, China was also looking for corn and wheat.
Wednesday morning USDA reported a flash sale of 13.2 million bushels of soybeans to unknown destinations and Randy Martinson with Martinson Ag says the market is betting that its China.
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
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