Monday February 7, 2022

  • Soybeans continue to lead the trend higher this morning as Argentine forecasts turn drier – feeding the supply concerns for the South American crop 
  • The entire soy complex remains on the upward trend helping to keep soybean futures supported as well 
  • U.S. State Department continues to warn of an imminent Russian invasion into the Ukraine 
  • Drier forecasts prevailing for Argentina helping to support soybean rally 
  • This week we await the February USDA  report that will be released Wednesday 
    • Monthly supply and demand update
    • Updated South American production estimates