USDA report,,,,,,,

[boarderbloke]

they found more beans!

http://news.tradingcharts.com/futures/8/9/158480098.html

[charliep]

USDA numbers. Hopefully Moe/farms.com will post their analysis.

[URL="http://usda.mannlib.cornell.edu/usda/current/wasde/wasde-05-11-2011.pdf"]USDA[/URL]

Markets are taking as negative (at least at the open). Supplies remain tight and subject to weather. The report does reflect the poor weather in the hard red winter regions and US midwest (corn). Too optimistic on weather impact - guess that will be a point of discussion but an early season benchmark none the less.

<a href="http://farms.com/FarmsPages/Markets/tabid/214/Default.aspx">futures</a>

[charliep]

I would be watching market reaction to this report carefully. Gut reaction at the open. Sober second thought during the day. Repositioning over the next week. Things remain tight but prices are high.

If I only had 5 minutes in the morning to look at markets, I would have relevant futures charts book marked and spend my time there. Look for big moves and things that don't make sense. Having a good advisor on speed dial is likely a good thing.