Thursday, July 10, 2008

Solid Soybeans!

Soybeans are one of the only futures thus far today that have shown a solid trend for the day. I just love those little beans! Apparently, new stresses in Argentina are fueling the fire. So are plunging stockpiles being cited. Crude oil has rebounded $2 today also, which typically provides support for soybeans.

Trading is expected to be relatively light in the grains today, as many traders square up for tomorrow morning's USDA report.