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AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing says funds have a near record short position in the grain markets. It is only surpassed by May of 2019 which was in the middle of the China trade war.
AgDay TV Markets Now: Garrett Toay, Ag Trader Talk, says a “perfect storm” fueled the risk off selling in grain markets on Monday,
Grain and livestock futures see risk off commodity wide selling. China news, Middle East war escalation and rumors of Brazil soybean imports hit the markets. Kent Beadle, Paradigm Futures has more.
AgDay TV Markets Now: Mike Zuzulo, Global Commodity Analytics, discusses why funds sold grains to end the week but bought cattle and hogs futures.
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.
The collapse of soybean basis levels in Brazil tanked the soy complex. Vince Boddicker, Farmers Trading Company says, “People are saying with the basis dropping that hard maybe the Brazilian crop isn’t that tight.”
Cattle try to extend gains after strong chart action awaiting cash. Hogs see follow through buying on China news. Corn & beans see profit taking w/weak exports. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, explains what drove the rally in grain and livestock futures Wednesday and if it can keep going?
Grains end higher as corrective buying continues but the lower dollar and SA wx were also supportive. Cattle and hogs made new highs for the move on fund buying. Oliver Sloup, Blue Line Futures has details.
Grains start higher on continued corrective buying but soybeans have run into chart resistance. Cattle and hogs see following through buying after chart breakouts yesterday. Randy Martinson, Martinson Ag, has more.