USDA today

[furrowtickler]

Looks positive beans
Probably won’t last long , I am sure someone will magically find several million bushels somewhere by tomorrow

[errolanderson]

USDA world soybean 23/24 ending stocks data well below trade estimates and viewed bullish. Escalating mid-east tensions driving oil prices sharply higher this morning.

Canola’s current downtrend appears breaking as January pushes above $720/MT. AN OPINION ONLY, but Jan resistance is seen around $738/MT, then $750MT, heavy chart resistance seen @ $770/MT. Note: should tensions subside oil, soybeans, canola prices could again breakdown. This may be an opportunity for growers to watch for improved near-term cash prices. Errol’s Commodity Wire

[Old Cowzilla]

Lots of beans going to town yesterday was in 2 1/2 hr lineup and when I left it was a 3 hr lineup backed 1/2 mile out and trucks parked on no. 1 hiway. Some drivers turned away and went to bin sites because combines waiting. 16 bucks pulls a lot of beans in.