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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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.