Profit-taking/liquidation and rumors of Argentine orders support soybeans. March 28, 2023
Corn rebounded to a 50% retracement mark in recent days. It appears as though May soybeans will attempt the same, 1477 1/2, just over 10 cents away. A small rebound in energy prices, rumors of the US getting Argentine orders, profit-taking after a significant decline, two USDA reports on Friday and month end/quarter end are all issues for this week's discussion.
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Allendale Insider
Allendale Insider
On The Go
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Livestock begin to question, when is enough enough?
November 28, 2023
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Corn posts new lows. Argentina could offset Brazil’s light production hit.
November 28, 2023
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Traders wait for clarity on Brazilian weather. Corn and wheat post new lows.
November 27, 2023
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New downtrend lows for cattle and hogs.
November 27, 2023
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Livestock end the week with a meltdown. The culprit may be consumer concerns.
November 24, 2023
On The Go
November 28, 2023
November 28, 2023
November 27, 2023
November 27, 2023
November 24, 2023
Market Movers
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Open interest continues to fall drastically
November 29, 2023
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Overnight reacting to slow BRA planting pace and may be looking for new China buying
November 28, 2023
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Trade Holds On To Hope Of China Purchases
November 27, 2023
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Strong Exports Expected
November 24, 2023
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Cash Cattle Steady For the Week
November 22, 2023
Market Movers
November 29, 2023
November 28, 2023
November 27, 2023
November 24, 2023
November 22, 2023
Snapshots
Snapshots