AgDay TV Markets Now: Matt Bennett, AgMarket.Net talks about what triggered the risk off fund selling in commodities and just how bad the charts look in corn and beans.
AgDay TV Markets Now: Matt Bennett Talks About the What Sparked the Risk Off Selling in Commodities
AgDay TV Markets Now: Matt Bennett, AgMarket.Net talks about what triggered the risk off fund selling in commodities and just how bad the charts look in corn and beans.
August 02, 2023 04:26 PM
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Alan Brugler with A&N Economics says the bottom line is with that weakness in real, you’re going to see a little more competition out of Brazil on soybean exports when you’re looking at them in dollar terms.
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.
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