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Soybeans make new lows after a bearish punch from the WASDE trying to digest not only record yield but a 560 million bushel ending stocks figure. Ted Seifried, Zaner Ag Hedge, says prices may have to go lower as a result. The corn balance sheet ended slightly friendly with record yield but lower ending stocks by 25 million bushels and scored a bullish key reversal. Seifried is cautious the market can build on it though. Wheat ended mixed with winter wheat futures lower despite USDA lowering production and ending stocks by about 28 million bushels, which is not a good sign. Cattle ended lower failing to extend Friday's recovery rally.
See omnystudio.com/listener for privacy information.
By Michelle RookSoybeans make new lows after a bearish punch from the WASDE trying to digest not only record yield but a 560 million bushel ending stocks figure. Ted Seifried, Zaner Ag Hedge, says prices may have to go lower as a result. The corn balance sheet ended slightly friendly with record yield but lower ending stocks by 25 million bushels and scored a bullish key reversal. Seifried is cautious the market can build on it though. Wheat ended mixed with winter wheat futures lower despite USDA lowering production and ending stocks by about 28 million bushels, which is not a good sign. Cattle ended lower failing to extend Friday's recovery rally.
See omnystudio.com/listener for privacy information.

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