AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing says grains close higher with corrective action after holding long term lows.
AgDay TV Markets Now: Chip Nellinger says Corn and Soybeans End Higher with Corrective Buying Off Support
Corn and soybeans held long term support last week and built on it with Monday’s close.
January 22, 2024 06:01 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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