AgDay TV Markets Now: Matt Bennett, AgMarket.Net, talks about where prices are headed for corn and soybeans after the bulls were disappointed with the September WASDE.
AgDay TV Markets Now: Matt Bennett Discusses Where Corn and Bean Prices Are Headed After the Disappointing WASDE
AgDay TV Markets Now: Matt Bennett, AgMarket.Net, talks about where prices are headed for corn and soybeans after the bulls were disappointed with the September WASDE.
September 12, 2023 04:45 PM
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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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