The Market Today’s USDA WASDE report should drive discussion, but it was mostly neutral. The 20-day moving average has begun to rise and November soybeans hit 1031 less than a week ago, lending hope for bulls that it can break 1050/bushel resistance. But the stocks-to-use ratio remains at its second highest historically, and so it will require substantially more Chinese purchases of U.S. soybeans, which are at a 90₵/bushel discount to Brazil.
Soyoil cash basis is down as end buyers appear covered. Petroleum prices have been falling but rallied today as the EIA cites increased U.S. demand that could lift crude prices back above $80/barrel.
USDA’s Crop Progress report this week was unremarkable except that 65 percen...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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