AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, talks about how much more risk premium he anticipates the grain markets to add after a sharp rally Monday, led by wheat with some limit up moves.
AgDay TV Markets Now: Oliver Sloup Discusses the Sharp Rally in Grains Led by Wheat and How Much More Risk Premium is Warranted
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, talks about how much more risk premium he anticipates the grain markets to add after a sharp rally Monday led by wheat.
July 24, 2023 06:07 PM
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Randy Martinson of Martinson Ag says soybeans are trying to bounce early Tuesday with talk of China looking for more soybeans and a stabilization of the real.
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.
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