Market Analysis: Naomi Blohm

Market Analysis: Naomi Blohm

Market to Market - Market Analysis

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The weather also played a factor in the trade, both domestic and globally, as different stories developed as the week progressed. For the week, the nearby wheat contract declined a dime while March corn improved three cents. Technical chart bulls were encouraged by action this week in the soy complex as soy oil helped the fundamental side of the ledger. The January soybean contract added 18 cents. January meal increased $12.70 per ton. March cotton expanded by $1.07 per hundredweight. Over in the dairy parlor, January Class III milk futures fell 47 cents.
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The weather also played a factor in the trade, both domestic and globally, as different stories developed as the week progressed. For the week, the nearby wheat contract declined a dime while March corn improved three cents. Technical chart bulls were encouraged by action this week in the soy complex as soy oil helped the fundamental side of the ledger. The January soybean contract added 18 cents. January meal increased $12.70 per ton. March cotton expanded by $1.07 per hundredweight. Over in the dairy parlor, January Class III milk futures fell 47 cents.
...Read More