AgDay TV Markets Now: Kevin Duling, KD Investors, talks about the tight global supply of wheat and when the market will finally respect it.
AgDay TV Markets Now: Kevin Duling Discusses When the Wheat Market Will Finally Respect the Tight Global Stocks
AgDay TV Markets Now: Kevin Duling, KD Investors, talks about the tight global supply of wheat and when the market will finally respect it.
September 19, 2023 08:46 AM
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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.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
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