AgDay TV Markets Now: Mike Zuzulo, Global Commodity Analytics, discusses why funds sold grains to end the week but bought cattle and hogs futures.
AgDay TV Markets Now: Mike Zuzulo Discusses Why Funds are Selling Grains and Buying Livestock
AgDay TV Markets Now: Mike Zuzulo, Global Commodity Analytics, discusses why funds sold grains to end the week but bought cattle and hogs futures.
January 26, 2024 08:26 PM
Related Stories
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.
Read Next
A two-pass boron strategy at bloom and pod set shows consistent yield payoffs across the Corn Belt, though agronomists warn the line between benefit and toxicity can be narrow.
