And, the abundant supply of soy in the United States coupled with record output this year in South America is limiting buying enthusiasm keeping soy rangebound at roughly the $9.50 per bushel level.
Friday, April 9, 2010
Breaking News-RTRS-PREVIEW - USDA to confirm burdensome grains supplies
CHICAGO, April 7 (Reuters) - The U.S. Department of Agriculture (USDA) early on Friday is expected to confirm a burdensome supply of grains that drove Chicago Board of Trade wheat and corn futures to nearly six-month lows last week.
And, the abundant supply of soy in the United States coupled with record output this year in South America is limiting buying enthusiasm keeping soy rangebound at roughly the $9.50 per bushel level.
And, the abundant supply of soy in the United States coupled with record output this year in South America is limiting buying enthusiasm keeping soy rangebound at roughly the $9.50 per bushel level.
