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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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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