Soybeans Monitor Palm Oil And Talk Of Rising US Acreage May 10, 2022
Soybeans, with a day's ranged tucked within yesterday's, posted an Inside Day closing higher. This implies a small bounce on the overnight ahead. Traders will be monitoring this week's planting progress, palm oil news and USDA report. Soybeans have a problem here as no one is ready to lower yields from trend and there is growing confidence of higher revisions for planted acreage.
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