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Technical Analysis #C-SOYB : 2016-01-14

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USDA report came out The USDA released the grains report where revised down the corn and soy harvest estimated and the wheat planting acreage. Will the soybeans continue gaining in price? The US corn harvest estimates were lowered from 13.654bn to 13.601bn bushels for 2015/16 season. The average yield is expected to fall from 169.3 to 168.4 bushels an acre. However, the corn stocks estimates for later this season were revised up from 1.785bn to 1.802bn bushels. As to soybeans, the USDA lowered

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