AgDay TV Markets Now: Scott Varilek, Kooima Kooima Varilek, says soybeans still holding some weather premium, while corn needs to hold the July lows. Cattle post a nice recovery.
AgDay TV Markets Now: Scott Varilek says Soybeans and Cattle See Corrective Bounce, Corn Needs to Hold July Lows
AgDay TV Markets Now: Scott Varilek, Kooima Kooima Varilek, says soybeans still holding some weather premium, while corn needs to hold the July lows. Cattle post a nice recovery.
August 04, 2023 12:46 AM
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Alan Brugler with A&N Economics says the bottom line is with that weakness in real, you’re going to see a little more competition out of Brazil on soybean exports when you’re looking at them in dollar terms.
Joe Kooima of Kooima Kooima Varilek says the reaction was a bit muted considering the placements were well below estimates. However, he says some of it was already priced in.
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
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