AgDay TV Markets Now: John Payne, Hedge Point Global Markets, says corn and beans trade higher on weather, strong soy products ahead of market movers like first notice day and big reports.
AgDay TV Markets Now: John Payne Says Soybeans and Corn Traded Higher on Weather, Strong Soy Products Ahead of Big Reports
AgDay TV Markets Now: John Payne, Hedge Point Global Markets, says corn and beans trade higher on weather, strong soy products ahead market movers like first notice day and big reports.
June 26, 2023 05:04 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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