Do soybeans have much life left??
Oct 25, 2013
Soybeans remain the bright spot, with soymeal continuing to take center stage. The USDA's weekly export sales report of 850,100 metric tons was way above all trade expectations. Keep in mind, soymeal exports generally reach about 50% of the USDA expectation for the entire marketing year by the first part of October. Basically meaning we might end up seeing the USDA bump their meal export estimate higher. As for nearby bean prices, I am a little concerned.....
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