Soybeans celebrate export sales. WASDE tomorrow.

Despite all of the talk about tight crude oil stocks, as well as tight stocks/usage measurements like we follow in grains, the market has its own beliefs. New lows for the six-month downtrend were reached today. The lowest close yet of this downtrend were reached today. For whatever relationship there is between energy prices and grains this is a slightly negative influence. Ahed of the Fed meetings on the 13th and 14th the trade believes interest rate rises remain, even if a little more muted.

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