Tuesday, September 30, 2014 5:24PM CDT
USDA estimated soybeans stocks as of Sept. 1 at 92 million bushels, far below the average trade estimate of 130 mb. USDA also upwardly revised 2013 production upwards by 69 mb to 3.36 billion bushels.
Tuesday, September 30, 2014 5:00PM CDT
Companies and universities are working on three distinct high-oleic soybean traits that they hope will help the industry regain soybean oil demand lost in the trans-fat battle.
Corn is lower at 6 a.m. (CT); soybeans are lower; wheat is lower.
Live and feeder contracts should begin with a firm undertone, girded by residual buying interest and a degree of cash optimism. Lean hog futures should also open some higher, supported by follow-through buying and light bull spreading.