Outside markets stabilizes grains. October 21, 2022
We'll call this week's net -1 cent decline for the dominant January contract a win. At one point this contract was -38 3/4 cents. The trade has lowered its concern for US soybean exports after yesterday's positive weekly report. This has slightly increased the trade's hopes of holding USDA's current 200 million bushel ending stock view ($14.00 implied). It is also important to note how today's trade occurred despite multiple closures of the river. Outside markets, at least for today, were also considered positive.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
-
Overnight reacting to slow BRA planting pace and may be looking for new China buying
November 28, 2023
Market Movers
December 4, 2023
December 1, 2023
November 30, 2023
November 29, 2023
November 28, 2023
Snapshots
Snapshots