March 29, 2015

Soybean Commentary

03/27/2015

The bean pit ended the week on a negative note as some pre-weekend and pre-report selling had the market under a bit of pressure. Market moving news continues to be light and most of the day’s trade seemed to be positioning for Tuesdays report. As for next week’s reports, the average trade estimate for bean acreage is 85.919 million acres. The trade’s high end of the estimate is 88.000 million acres and the low end is 83.100. Allendale’s annual survey projected bean acres at 86.052 million. Last year, US producers planted 83.701 million acres…

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    Allendale Advisory Contributor:

    Jim McCormick

    Jim McCormick

    Jim started with Allendale in 1997 after earning an Agricultural Economics degree from Purdue University. He has been a featured speaker at several of Allendale’s Outlook Conferences.
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