March 10th USDA Report

The report was generally considered to be bearish but the big surprise was the error in the soybean exports (initially reported as 55 million but corrected to 36 million bushels.

Soybeans led the downward trend that said we are seeing a slight comeback this morning.

Trade is talking bearish for March 31st USDA report on planting intentions.


Thanks to ADM and Mid-co for the their market commentary.