AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, discusses how much Brazil risk premium soybeans need to add, why wheat tumbled and if cattle can continue to recover.
AgDay TV Markets Now: Shawn Hackett Discusses How Much Brazil Risk Premium Soybeans Need and How Much Cattle Can Recover
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, discusses how much Brazil risk premium soybeans need to add, why wheat tumbled and if cattle can continue to recover.
December 18, 2023 05:11 PM
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Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
Grains saw nice reversals and closed higher on Monday, which was a victory considering the amount of bearish news the market had to absorb according to Kevin Duling with KD Investors.
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