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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Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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