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.
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Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
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NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
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