The weather outlook for the next several weeks looks ideal for growing soybeans, and this suggests a “sell shallow rallies” mentality will develop for grain traders. The June 30th Planted Acreage and Stocks reports from the USDA is the next key volatility event for the soybean market, but the key focus in the weeks ahead of that will be the weather.
Disclaimer: This information was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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