July 29, 2014

Soybean Commentary

Posted 7/28/14

The soybean market found a bid coming out of the week as export sales and a cold but dry forecast had traders covering short positions. The short covering rally had the market settling at the highest levels since July 8th. As for the weather there just isn’t much rain in the forecast for the next week to 10 days. There are some scattered hit and miss showers on the map that tend to hit the eastern Midwest…

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    MiddayWeather-Vane

    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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