Soybeans Lower On Bearish USDA Crop Report

11 Aug in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Soybean Futures---Soybean futures in the November contract settled last Friday in Chicago at 9.56 a bushel while currently trading at 9.43 down about $0.13 for the trading week and finishing over $0.30 lower in yesterday's trade due to the fact that the USDA announced that the United States is producing 49.4 bushels per acre which could produce nearly 4.4 billion bushels which is another outstanding crop surprising estimates.

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