A good entry point might develop tomorrow if this prospect confirms.
US soybeans exports shipments have accelerated and to date exceed seasonal pace to hit USDA target by 159 mln bu vs 144 mln previous week. Tomorrow (Dec 10) USDA report is expected to decrease US ending stocks to a even more critical level, and recent price action, especially today, seems to reinforce that. Watch market reaction to the report.
...this added to some technicals, seasonals and fundamentals drivers displayed on the chart.
US soybeans exports shipments have accelerated and to date exceed seasonal pace to hit USDA target by 159 mln bu vs 144 mln previous week. Tomorrow (Dec 10) USDA report is expected to decrease US ending stocks to a even more critical level, and recent price action, especially today, seems to reinforce that. Watch market reaction to the report.
...this added to some technicals, seasonals and fundamentals drivers displayed on the chart.