Friday September 18, 2020

Another day, another China sale
New technical resistances point in 2020 soybeans is at $10.50/bu – with 2018 highs just beyond that at $10.71/bu
Argentine drought losses are growing according to Buenos Aires Grains Exchange as early corn planting has just begun
Trump announced added stimulus to farmers on his campaign trail on Thursday with details expected later today
Some dryness concern in the Black sea region as they plant their 2021 crop helping to buoy the wheat market
Soybean funds are approaching record long positions as managed money continues to buy into the market in hopes that China sales continue to come in as well as the crop only getting smaller than last USDA estimate