AgDay TV Markets Now: Kevin Duling, KD Investors, says soybean market falls with rain forecast in Brazil, despite lower estimates and corn follows. Why does wheat buck the trend?
AgDay TV Markets Now: Kevin Duling says Soybeans Fall on Brazil Forecast, Ignores Crop Damage and Corn Follows
AgDay TV Markets Now: Kevin Duling, KD Investors, says soybean market falls with rain forecast in Brazil, despite lower estimates and corn follows. Why does wheat buck the trend?
December 19, 2023 05:10 PM
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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.
Grains saw nice reversals and closed higher on Monday, which was a victory considering the amount of bearish news the market had to absorb according to Kevin Duling with KD Investors.
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