AG POLICY NEWS
Darin Newsom DTN Senior Analyst
Thu Oct 3, 2013 06:38 AM CDT

Short-term Signals in Soybeans

The last shot USDA took before the government shutdown was the surprisingly bearish quarterly stocks number for soybeans. As the gates came down on the government's castle, bearish headlines drove the soybean market down while those who track the actual fundamentals of the market were left scratching their heads. Now, two days later, USDA is nowhere to be seen and the soybean market is starting to build bullish momentum.

As discussed in this blog the afternoon of September 30, after the fallout of the quarterly stocks report, the long-term monthly chart remains bullish for soybeans. Now ...

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