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
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
Read Next
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
