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.

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.

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Corn and soybeans were lower on Thursday seeing further consolidation after hitting chart resistance and with the WASDE on Friday.
Grain markets were lower on Wednesday and to start Thursday, seeing profit taking after hitting key chart resistance and with cooler, wetter extended weather forecast for the Midwest. That’s according to Randy Martinson with Martinson Ag.
Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
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