Sunday, September 11, 2011
Soybeans up, corn mixed ahead of USDA numbers
Soybeans were higher on technical buying and short covering. There was no fresh supportive news, but the path of least resistance was up with traders getting ready for Monday’s USDA numbers. Ahead of the report, on average, analysts expect slight reductions for yield, production and ending stocks. The reports are out at 7:30 AM Central. China cancelled on 240,000 tons of 2011/12 U.S. soybeans ahead of the open and outside markets were very bearish on European concerns following the
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