AgDay TV Markets Now: John Heinberg, Total Farm Marketing, says soybeans have a poor technical close Friday as Argentina buys from China, corn follows but also sees harvest pressure.
AgDay TV Markets Now: John Heinberg Says Poor Technical Close in Soybeans as Argentina Sells to China, Corn Follows
AgDay TV Markets Now: John Heinberg, Total Farm Marketing, says soybeans have a poor technical close Friday as Argentina buys from China, corn follows but also sees harvest pressure.
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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