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
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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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