Will Soybeans be reduced??
Monday, September 11, 2023 at 2:44:25 p.m. UTC
Top 3 – Things to Watch this week:
1. USDA Report tomorrow: the Market is expecting a smaller soybean yield. Which could set the tone for a rally.
2. USA Winter Wheat harvest is basically 100% complete. USA Spring wheat is 74% harvested.
3. Speculators are increasing their short bets on corn. This should push corn even lower even with a below trendline yield. Bad News for Barley.
This week’s Action Item:
Make sure canola targets are in place. If tomorrow USDA report causes a big jump then canola could easily follow.