Exceptionally quiet soybean trade unfolded through Friday’s session, leaving CBOT soybean futures near unchanged at the close. Following a neutral April WASDE now past, the market lacks fundamental news to drive prices directionally. Funds were estimated sellers of 2,000 soybean and soyoil contracts and bought 3,000 in soymeal. The Commitment of Traders report showed…
AgResource Daily Farm Marketing Advice for Monday: 1/ No new advice. Soil moisture is in the 99-100th percentile across the Central Plains and NW Corn Belt. Additional rain in late April/early May will exacerbate flooding woes and river levels. The GFS ended the week with drier weather projected beyond April 20th. Whether this materializes will…
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