AgDay TV Markets Now: Kent Beadle says Soybeans See Corrective Bounce on Weather, While Dec Corn Bounces Off July Low

AgDay TV Markets Now: Kent Beadle, Paradigm Futures, says soybeans see corrective buying on weather, while Dec corn holds the July low.

AgDay TV Markets Now: Kent Beadle, Paradigm Futures, says soybeans see corrective buying on weather, while Dec corn holds the July low.

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Joe Kooima of Kooima Kooima Varilek says the reaction was a bit muted considering the placements were well below estimates. However, he says some of it was already priced in.
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
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NASS says incorrect acreage weights for irrigated and nonirrigated fields affected September corn yield estimates for Kansas, Nebraska and the U.S. The agency’s October forecast remains unchanged.
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