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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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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