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marketeye
Veteran Advisor

Floor Talk November 9, 2021 (REPORT DAY)

At 11:21am:

 

USDA releases bullish report.

 

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

Mike

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

 

At the open:

Ag markets move up Tuesday.

 

Mike

 

 

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2 Replies
sw363535
Honored Advisor

Re: Floor Talk November 9, 2021 (REPORT DAY)

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

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illinifarmer
Advisor

Re: Floor Talk November 9, 2021 (REPORT DAY)

Should be limit up.. wake up!!

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