AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge says grains see significant pressure on profit taking, removing weather premium and with a risk off day. How much downside risk is there?
AgDay TV Markets Now: Ted Seifried Says Grains Start Week Sharply Lower on Profit Taking, Removing Weather Premium
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge says grains see significant pressure on profit taking, removing weather premium and with a risk off day. How much downside risk is there?
May 30, 2023 05:27 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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