Floor Talk November 9, 2021 (REPORT DAY)

[marketeye]

At 11:21am:

USDA releases bullish report.

Soybeans jump 51¢ in flash reaction then settle at 35¢ up.

Mike

--------------------

USDA report to be released at 11:00am CT.

At the open:

Ag markets move up Tuesday.

Mike

[sw363535]

The numbers are out and of nothing unexpected....... except on a week when soybean exports are showing a great start to the current year..... usda uses the export demand to maintain carry.    go figure....

just a reminder of the year and why corn may not be where usda thinks projects it to be......  15+ billion ??   in a climate where demand appears to be 15+ billion

[illinifarmer]

Should be limit up.. wake up!!