AgDay TV Markets Now: Rich Nelson, Allendale, explains what drove the mostly higher day in grains and if wheat and corn have finally bottomed.
AgDay TV Markets Now: Rich Nelson Explains What Drove the Rally in Wheat and If Corn Has Finally Bottomed?
AgDay TV Markets Now: Rich Nelson, Allendale, explains what drove the mostly higher day in grains and if wheat and corn have finally bottomed.
November 29, 2023 07:52 PM
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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.
Grains saw nice reversals and closed higher on Monday, which was a victory considering the amount of bearish news the market had to absorb according to Kevin Duling with KD Investors.
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