USDA to release new domestic and international estimates tomorrow

March soybean futures spent the day reversing yesterday's gains. The 5 cent wide downside gap left from Monday's higher open was filled on this move today. Soyoil, a market that was a leader for almost two months, posted a drop of almost 200 points. The trade is hearing rumors Indonesia may reduce its harsh palm oil export limits. Also, better rains for Brazil and Argentina were noted in the midday update for the extended forecast. WASDE is out tomorrow.

This content requires a premium subscription.

Please login to your premium subscription to view this content in its entirety.

Login

Forgot your password? Reset it by clicking here.
Need an account?
Try our FREE 1 week trial, no card required.
Interested in our Free Webinar?

Sign up now! 

Post Archives

Allendale Insider

On The Go

Market Movers

Snapshots

Trader Insights

Morning Wake up Calls