Soybeans Balance A Slight Yield Cut Vs. Higher Acres

Old and new crop futures were able to push below yesterday's lows and also close under them. These are the lowest closes for both ends since 4/7. Soybeans have a balancing act here with a potential slight hit to yields due to planting but the likelihood of some type of acreage increase. Also, if Indonesia's palm export policy is only a one month issue then this veg oil rally can stabilize and allow meal to pressure soybeans. Today's trade has continued the discussion of an ugly Double Top for November.

This content requires a premium subscription.

Please login to your premium subscription to view this content in its entirety.


Forgot your password? Reset it by clicking here.
Need an account?
Try our FREE 1 week trial, no card required.
Interested in our Free Webinar?

Sign up now! 

Post Archives

Allendale Insider

On The Go

Market Movers


Trader Insights

Morning Wake up Calls