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.

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.

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DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
Jon Scheve of Scheve Grain says corn will have a difficult time finding a bottom until harvest pushes past 70%. After that the $8 billion of diesel aid will provide a bridge to help farmers store and wait for better prices.
Arlan Suderman of StoneX says corn and soybean charts have seen damage which triggers algorithmic selling and the end users are content to let the market come to them.
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