May WASDE Could Be Catalyst For Letdown in Beans, Futures at $9

As a new month begins, there’s new things to watch.

soybeans
soybeans
(AgDay)

As a new month begins, there’s new things to watch.

For Tommy Grisafi, commodity risk management advisor at Advance Trading Inc., his concern is what leg new crop corn has to stand on when it comes to the bushels coming out of South America.

Brian Splitt of Allendale, Inc., thinks the new month could be a “letdown” for soybeans.

Watch Grisafi and Splitt discuss markets with AgDay host Clinton Griffiths on AgDay above.

AgWeb-Logo crop
Related Stories
Jerry Gulke president of The Gulke Group says it isn’t surprising to see profit taking in the soybeans with the funds holding a near record long position.
Dan Basse, president of Ag Resource Company, says the corn yield figure was very close to the trade guess and largely priced into the market.
Despite widespread concerns over summer weather damage, USDA’s September WASDE corn yield came in almost exactly where the trade expected, which left stocks-to-use, not yield, as the number driving the market.
Read Next
Recent university studies find that corn kernels usually hold their weight through the dry-down process while pinpointing the operational realities that lead to missing grain.
Get News Daily
Get Market Alerts
Get News & Markets App