Trader Dan Norcini
The much anticipated USDA report hit the wires this AM and as usual, has touched off an enormous flurry of algorithmic activity.As far as the soybean market goes, pre-report expectations were very accurate this time around. Most analysts expected a slight bump higher in the yield per acre number which would boost the final crop size somewhat but keep it below the 4 billion bushel number.
The total production number, on a yield of 47.5 bushels, is expected to be 3.958 billion bushels. That is slightly higher than last month’s number of 3.927 billion.
Continue Reading at TraderDanNorcini.Blogspot.ca…
Please share this article
No comments:
Post a Comment