Grain TV: Expectations of Reduced Soybean Production
Soybean futures were boosted by analyst expectations for next week’s WASDE report to hold substantial decreases in soybean yields and production. Ethanol crush numbers were relatively light and the corn market continues to drift lower.
Bolls are sprouting in soggy central and southeastern Texas, where it has rained 9 straight days and even more in some areas. There are numerous insurance issues related to loss