AgDay TV Markets Now: Tommy Grisafi of Advance Trading talks about the risk off selling and spread unwinding in grains Thursday and the drop farmers will see in cash grain prices as May options expire and elevators roll from bidding off May to July.
AgDay TV Markets Now: Tommy Grisafi Explains How Cash Grain Prices Drop as May Options Expire and Elevators Roll Bids to July
AgDay TV Markets Now: Tommy Grisafi of Advance Trading discusses the risk off selling in grains and the drop coming in cash grain prices as May options expire and elevators roll from bidding off May to July.
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Cattle futures were lower early Thursday seeing some profit taking after some technical chart breakouts this week, but also positioning ahead of the holiday.
Soybeans ended higher as rumored export business was confirmed by USDA with a flash sale of 13.7 million bu. to unknown destinations. However, China was also looking for corn and wheat.
Wednesday morning USDA reported a flash sale of 13.7 million bushels of soybeans to unknown destinations and Randy Martinson with Martinson Ag says the market is betting that its China.
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