AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, says soybeans rally with meal and talk of China sales and corn tries to follow. However, both markets have had difficulty sustaining rallies. So why are those markets continuing to trade sideways?
AgDay TV Markets Now: Shawn Hackett Explains Why Row Crops Were Up Friday but Can’t Sustain Longer Rallies
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, says soybeans rally with meal and talk of China sales and corn tries to follow. However, both markets have had difficulty sustaining rallies. Why?
October 27, 2023 05:09 PM
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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.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
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