Sunday Night Comments

Sunday Market open is called mixed tonight. Poor technical closes Friday could encourage follow-through selling while SA weather should provide support.  Brazil continues to struggle with heavy rains that are delaying harvest and causing quality concerns. As of Friday Brazil’s soybean harvest stood at 12.5% vs 30.4% on average. Argentina’s forecast is calling for a warmer and drier bias for the few weeks. The US dollar is weaker while the energy, metal, and equity markets are all firmer tonight. Be sure to read Matt Bennett’s weekend comments.