Soy Beans

Weekly export numbers leaned towards  the bearish Side  But Soymeal  were favorable.remember Argentina the leader in Soymeal exports so as long as US soymeal exports stay strong it  may keep Soybeans buoyant.Weather in argentine is less of concern for next  few days,but some concern in 8-15 day forecast of possibly more rain.The  slowdown in rain is great  but the wetness of the fields is still a concern as farm equipment will struggle with wet ground.Today at 1 :00  we get an update from  Argentine grain exchange on Crop damage.Earlier today the International grain Exchange cut world supplies By 5 million tons,but be aware that world-wide crops  will still be near a record high, for now.

US rain forecasts  show a little more rain for midwest in next 2 weeks compared  to yesterday’s   outlook.

First notice day for may grains is tomorrow.

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