Soybean Futures Chart Review
Soybean Futures: Soybeans have been stuck between soybean meal and soybean oil markets. We feel the soy oil market has bottomed and is working through a nice correction, and the soybean meal market is working on carving out a bottom but there just has not been enough price action to be confident. More of these with […]
USDA Grain Stocks
Corn dips beyond estimates, Wheat comes in on target. According to the USDA, as of September 1, 2023, marking the official conclusion of the 2022-23 marketing year, there were 1.36 billion bushels of corn held in storage. This figure falls within the lower range of pre-report expectations and is a result of the USDA’s revision […]