The Market The USDA July WASDE was directionally bearish but not as much as expected. The trade initially turned higher after the report’s release but couldn’t sustain the turnaround. Instead, the week involved the November contract falling from grace, or at least dropping below the psychological $11 level. The next support level is $10.50 but with nothing to stop its fall except perhaps very unfavorable weather in August, sub-$10/bushel soybeans are in sight.
December soymeal had an equally bad week. There was a marketing year low for exports last week, and then two days this week of hitting new contract lows. Competition from South America and any softening in crush margins will take a further toll.
It was a...
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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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