FOR WEDNESDAY: (9/12) Another USDA report day. The trade tends to sell any results in September so any friendly surprises need to be sold. We have put some orders in.
NOV. SOYBEANS
TRADING RECOMMENDATION: Wait for morning comments.
TODAY’S COMMENTS: (9/12) Beans are less forgiving when one is wrong at USDA reports. Should see 858 if we’re patient. May be hard to top pick on Wednesday but seasonally the market often turns lower after the Sept. USDA report. Can put orders in and not risk too much.
CYCLES OVERVIEW: Higher into Sept. 12. lower Thursday; higher Friday.
