So where will beans head after harvest? Well, first we need to get through this week’s WASDE release, which could have soybeans retest $16.00 and beyond. After that, the bean harvest will be ending over the next few weeks as we see an increase in supplies. Then all eyes will be on South America. If you trade soybeans, make sure your eyes are focused there.
Have a prosperous trading week.
To see my market views daily you can follow me on Twitter at http://twitter.com/TrendsinFutures