AgDay TV Markets Now: Vince Boddicker, Farmers Trading Company, explains why the soybean complex sank on Thursday and why cattle and hogs made new highs for the move.
AgDay TV Markets Now: Vince Boddicker Explains Why Soybeans Sank and Livestock Surged Thursday
AgDay TV Markets Now: Vince Boddicker, Farmers Trading Company, explains why the soybean complex sank on Thursday and why cattle and hogs made new highs for the move.
January 25, 2024 05:59 PM
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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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