AgDay TV Markets Now: Ted Seifried with Zaner Ag Hedge Explains What Caused the Reversal in the Grains and If That Bottomed the Markets. Plus, if the Fed takes a pause on interest rates hikes will specs come back into the commodity markets.
AgDay TV Markets Now: Ted Seifried Explains What Caused the Reversal in Grains and If It Bottomed the Markets
AgDay TV Markets Now: Ted Seifried with Zaner Ag Hedge Explains What Caused the Reversal in the Grains and If it Bottomed the Markets.
May 03, 2023 05:49 PM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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