AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn and soybeans see a lack of follow through buying Friday and fail to confirm the lows are in.
AgDay TV Markets Now: Tomm Pfitzenmaier Discusses What Will Confirm a Bottom in Corn and Soybeans
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn and soybeans see a lack of follow through buying Friday and fail to confirm the lows are in.
January 19, 2024 06:07 PM
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Wednesday morning USDA reported a flash sale of 13.2 million bushels of soybeans to unknown destinations and Randy Martinson with Martinson Ag says the market is betting that its China.
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
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