Gulf shipping improves, China lowers corn production. October 18, 2021
Soybeans have rebounded 37 cents from new downtrend lows posted on Wednesday. Grain inspections this morning were over the trade expectation. Rebounding vegetable oil prices also helped.
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Funds sellers of 21K, slightly higher support due to exports
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SA maps still look solid for rains in the 10 day
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Trade expects strong exports and more 8 AM announcements
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Open interest continues to fall drastically
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Overnight reacting to slow BRA planting pace and may be looking for new China buying
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