May Soybeans and Soybean Meal closed lower while Soybean Oil was higher. Some of the selling was in response to the WASDE reports released on Wednesday...
Although grains condition is looking strongly optimistic for the second quarter, global supply is looking short as exports continue to be in demand.
With the weather being friendly, reports of US Quarterly Grain Stocks look promising. Corn and soybeans are pushing for hopeful prices and a bullish market.
Despite falling short in soybean production, U.S. imports were backed by Argentina. But China stirs an anti-dumping investigation on U.S. grain market.
The USDA released the September 1st Quarterly Grain Stocks and the annual Small Grains Summary report.
While China may be the largest producer of cotton, the US may be the largest exporter.