AgDay TV Markets Now: Tomm Pfitzenmaier of Summit Commodity Brokerage talks about what caused the short covering rally in grains on Friday and if it will continue?
AgDay TV Markets Now: Tomm Pfitzenmaier Discusses the Short Covering Rally in Grains Friday and If It Will Continue?
AgDay TV Markets Now: Tomm Pfitzenmaier of Summit Commodity Brokerage talks about what caused the short covering rally in grains on Friday and if it will continue?
March 24, 2023 05:41 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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