AgDay TV Markets Now: Tommy Grisafi, Advance Trading, says soy complex adds Brazil weather premium. Corn reluctant follower as wheat is anchor making new lows.
AgDay TV Markets Now: Tommy Grisafi says Soy Complex Adds Brazil Weather Premium, Corn Reluctant Follower with Wheat as Anchor
AgDay TV Markets Now: Tommy Grisafi, Advance Trading, says soy complex adds Brazil weather premium. Corn reluctant follower as wheat is anchor making new lows.
November 20, 2023 05:19 PM
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Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
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