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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Joe Kooima of Kooima Kooima Varilek says funds continue to pressure the cattle futures and he anticipates that will continue after last week’s lower weekly closes.
Allison Thompson with The Money Farm says the failure was likely position squaring heading into the three day holiday plus markets ran into chart resistance and saw some profit taking.
Scott Varilek with Kooima Kooima Varilek says cattle futures were struggling early Thursday with lower cash as the packers are trying to break the market with their own inventory.
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