USDA out tomorrow. October 11, 2022
Soybeans were unable to hold onto the majority of yesterday's price gains. Traders were noted on both sides of even today. Soybeans remain in a one-month downtrend. After USDA tomorrow the trade still has concerns over inflation on Thursday and likely continued declines in river levels recognized by Thursday. Bears argue this market still needs to fill 1/2 cent of the downside gap to 1349 1/2.
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