Pre-Report Analysis of March 9 USDA Reports

AgWeb.com will have full coverage of USDA’s March 9 reports, following the 11 a.m. Central Time releases.

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A day after making new highs for the year and hitting the highest levels in three years, the soybean market saw some profit taking and consolidation. Corn and wheat resumed their rally.
Corn and soybeans saw some early profit taking pressure on Tuesday after running into chart resistance and with better than expected crop ratings.
Soybeans gapped higher Sunday night and made new highs for the move again on Monday says Mark Schultz with Northstar Commodity.
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