AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, explains what drove the rally in grain and livestock futures Wednesday and if it can keep going?
AgDay TV Markets Now: Oliver Sloup Discusses if the Recent Rally in Grains and Livestock Prices Will Continue
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, explains what drove the rally in grain and livestock futures Wednesday and if it can keep going?
January 24, 2024 06:07 PM
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DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
Jon Scheve of Scheve Grain says corn will have a difficult time finding a bottom until harvest pushes past 70%. After that the $8 billion of diesel aid will provide a bridge to help farmers store and wait for better prices.
Arlan Suderman of StoneX says corn and soybean charts have seen damage which triggers algorithmic selling and the end users are content to let the market come to them.
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