Strong Soybean Response To USDA Data

Posted on 03/09/2017 10:19 AM
The volume of report data out Jan. 12 meant traders had to choose where to focus. The choice for soybean traders was easy as the final 2016 crop estimate, 2016-17 carryover and Dec. 1 stocks were all lower than expected. While the numbers weren't bullish per se, they were better than expected, which along with concerns with too much ra...