The trade continues to see strong demand arguments with strong ethanol numbers in the prior two weeks. Early estimates for next week's Supply/Demand report are expected in the next couple days. Still, this is a market where selling is even lighter than the light buying seen today so the upwards trend continued for the week.
Overnight is slightly higher in anticipation we will be seeing fund buying today for a 4th day. Beans have been the most reluctant market of the 3 grains to maintain support after fund buying eases. This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Overnight is slightly higher in anticipation we will be seeing fund buying today for a 4th day. Beans have been the most reluctant market of the 3 grains to maintain support after fund buying eases. This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
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Dennis Johnson
Jan 03, 2020
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