Grain TV: Major Sell Off in Soybeans Despite Good Exports
A relatively strong export report for soybeans, coming in at the high end of analyst expectations, was unable to offer support to the market today as attentions shift to the June 30 grain acreage report and expectations of higher soybean acres. High volatility is expected to persist in the soybean market, though tight stocks are likely to help catch prices from falling much further.
Brad Rippy, USDA meteorologist talks about U.S. spring weather and the forecast for farmers in this short podcast with USDA reporter Rod Bain. http://audioarchives.oc.usda.gov/sites/default/files/DA0_376088E82D284B2583BC7C21B770ECD1.MP3