Traders look ahead to today's USDA report

9 months ago 164

Emergency Loans for business funding and personal

Traders are looking ahead to today’s USDA WASDE report. “Corn is trading lower to start the day as trade prepares for a potentially volatile and bearish USDA report,” Total Farm Marketing said. “While a primary focus will be on the yield estimate, export demand will be important to watch as well.”

“Soybeans are trading lower this morning but have backed off more significant lows in overnight trade,” Total Farm Marketing said. “Yesterday, it was announced that no trade deal had been struck with China and the tariff truce would be extended again until Nov. 9. Both soybean meal and oil are lower.”