Thursday, 20th September 2007
Corn seems to be grabbing the bigger headlines today, but for me soybeans continue to play up a storm. Now into it’s tenth successive positive close, soybeans continued to make fresh three year highs, reaching 996′4 early in the session. The USDA’s weekly exports figure came in comfortably at the higher end of expectations at [...]
Wednesday, 19th September 2007
Soybeans finished with another gain for a ninth session. I found that surprising, expecting a consolidation more on the negative side than on the positive side. All the more so with wheat finishing down 24.1 for the day, having earlier reached limit down. From the various and varied opinions of analysts, it appears that the [...]
Tuesday, 18th September 2007
Soybeans traded in the same range as yesterday. It looks to me like another day of consolidation. Opening at its highest at 974.0, it was unable to break through yesterday’s new contract high of 974.4. In the end, a quiet day.Wheat closed down 6.0. I will be interested to see how this market changes [...]
