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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Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
November soybeans failed to close above the key $12 level and Naomi Blohm of Total Farm Marketing thinks the market may be running out of runway as Monday was mostly technical buying.
Joe Kooima of Kooima Kooima Varilek says funds continue to pressure the cattle futures and he anticipates that will continue after last week’s lower weekly closes.
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