World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Soybeans were the story of the day as people tried to figure out why they went from trading down 5-6 cents when markets reopened at 8:30 a.m. to falling to 25-30 cent losses by mid-morning. It was also interesting that the collapse in the soybean and soymeal markets had little or no spillover impact on corn or wheat. The selling was triggered, according to some accounts, by a weakening meal market coupled with some weakness in soybean basis. Once prices started to decline, it didn't take long for a wave of technical selling to develop and it was game over.Corn and wheat markets were very quiet relative to the soy complex, but then many in the market have been wondering how much longer soybean prices could almost comple...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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