Grains close mixed and fail to confirm the bottoms are in with a lack of follow through in corn and soybeans after reversals, strong weekly exports and China soybean biz. says the funds are selling every rally. How long will it last? Tomm Pfitzenmaier, Summit Commodity Brokerage has the answer.
Grains End Mixed and Fail to Confirm Lows as Fund Sell Every Rally: When Will That Change?
Grains close mixed & fail to confirm a low with a lack of follow through in corn & soybeans after reversals, strong weekly exports and China soybean biz. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
January 19, 2024 02:32 PM
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Mike Minor of Professional Ag Marketing says corn and soybeans were positioning ahead of the November WASDE with fears of higher yield.
Joe Kooima with Kooima Kooima Varilek says its difficult to say because the fundamentals are still sluggish with the north seeing heavy weight cattle that have not been able to find a home.
Dave Chatterton with Strategic Farm Marketing says the markets needs a catalyst like South American weather or demand to find a bottom.
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