USDA to release new domestic and international estimates tomorrow February 8, 2022
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.
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Allendale Insider
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SA maps still look solid for rains in the 10 day
December 1, 2023
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Trade expects strong exports and more 8 AM announcements
November 30, 2023
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Open interest continues to fall drastically
November 29, 2023
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Overnight reacting to slow BRA planting pace and may be looking for new China buying
November 28, 2023
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Trade Holds On To Hope Of China Purchases
November 27, 2023
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