Grains end higher after digesting the WASDE data and seeing technical buying after bouncing off key support areas. Cattle make a healthy bull market correction and so does crude oil but may go to $100. Naomi Blohm, Total Farm Marketing, covers it all!
Grains End Higher on Technical Buying After Digesting WASDE Data: Cattle and Crude Oil See Healthy Bull Market Corrections
Grains end higher after digesting WASDE data and see technical buying after bouncing off key support areas. Cattle and crude oil make a healthy bull market correction. Naomi Blohm, Total Farm Marketing, covers it all!
September 13, 2023 02:36 PM
Related Stories
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.
Read Next
Promising new technologies are entering the market, but large-scale corn and soybean farmers often face a frustrating bottleneck.
