AgDay TV Markets Now: Naomi Blohm, Total Farm Marketing, says grains end higher on technical buying after holding long term support and digesting WASDE data. Focus now turns to combine and yield data.
AgDay TV Markets Now: Naomi Blohm Says Grains End Higher on Technical Buying After Holding Key Support
AgDay TV Markets Now: Naomi Blohm, Total Farm Marketing, says grains end higher on technical buying after holding long term support and digesting WASDE data.
September 13, 2023 04:27 PM
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Wednesday morning USDA reported a flash sale of 13.2 million bushels of soybeans to unknown destinations and Randy Martinson with Martinson Ag says the market is betting that its China.
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
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