AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says corn closes at new lows with harvest pressure, while soybeans and wheat see some technical buying. However, grain markets are looking for news.
AgDay TV Markets Now: Ted Seifried says Corn Scores New Low Close, With Technical Buying in Soybeans and Wheat
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says corn closes at new lows with harvest pressure, while soybeans and wheat see some technical buying. However, grain markets are looking for news.
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Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
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