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.
The bulls took a break this week with the ICE July and Dec contracts giving back 46 and 34 points on the week, respectively. The July – Dec straddle finished