‘Turnaround Tuesday’ taking toll on trading: Part II

There’s a “ticking bomb” waiting for the soybean market,” Scott Stiles told the Agricultural Council of Arkansas’ board of director meeting on May 19. The potential bomb is a  forecast that would push the 2015 soybean acreage above the 84.6 million number contained in USDA’s March 31 Prospective Planting Report. A higher acreage would push soybean ending stocks higher and U.S. prices lower, possibly below the $9 mark.

TAGS: Rice Outlook
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish