date:Sep 04, 2013
op with most analysts trimmed yield potential by 1-1.2 bushels per acre, nationally.
Demand remains as strong as ever with China booking another 110,000 tonnes of US soybeans this morning for the 2013/14 marketing year.
Sales remain well above the 5 year average pace and well above the pace needed to hit the USDA estimate. The bears saw momentum to the downside on technical selling and a stronger US Dollar.
Wheat Futures Closed Lower
November Soybeans finished down 11 at 1357 1/2, 13 off the