New Lows for Soybeans Ahead of Holiday Weekend

 
New Lows for Soybeans Ahead of Holiday Weekend

Price action coming out of the Memorial Day holiday weekend is often telling of the near-term trend. Bears certainly have the advantage in the soybean markets heading into the weekend, but wheat futures have developed a short-term uptrend and corn continues in its choppy consolidation range. Today's Cattle on Feed Report was price-friendly for deferred live cattle futures but traders will be more interested in post-holiday buying by retailers. We highlight crop expectations and detail our look at the 2015-16 balance sheets -- and much more -- in this week's newsletter.

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