AgDay TV Markets Now: Rich Nelson, Allendale, says corn rally driven by short covering heading into reports but a harvest low may not be in. Soybeans slide with harvest pressure and export concerns.
AgDay TV Markets Now: Rich Nelson Says Corn Rallies into Report but Harvest Low Not Confirmed, Soybeans Slide
AgDay TV Markets Now: Rich Nelson, Allendale, says corn rally driven by short covering heading into reports but a harvest low may not be in. Soybeans slide with harvest pressure and export concerns.
September 28, 2023 04:06 PM
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Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
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