SA weather and USDA is on tap this week. December 8, 2020
For soybeans, traders were eager to test support on the charts today. The industry is well aware of a potential H&S top which would be triggered by just one more break in price. It is also interesting this comes just two days before the next USDA report.
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Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
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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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