AgResource Soybean Comment and Analysis
Soybeans Stabilize Ahead USDA Reports: Soybean futures traded quietly ahead of the USDA’s January reports and closed steady. The Brazilian crop report did not offer any surprises, with CONAB slightly lowering its crop estimate. However, the market awaits the USDA reports for the next directional move. Ahead of the USDA reports, soybean yield estimates are…