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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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.