AgDay TV Markets Now: Kent Beadle with Paradigm Futures says Black Sea export news and weather rallied corn and wheat Tuesday, but why did soybeans fail to follow?
AgDay TV Markets Now: Kent Beadle Says Black Sea Headlines and Weather Rally Corn and Wheat, While Beans Fail
AgDay TV Markets Now: Kent Beadle with Paradigm Futures says Black Sea export news and weather rallied corn and wheat Tuesday, but why did soybeans fail to follow?
May 23, 2023 04:58 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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