The soybean market traded higher following the release of the May WASDE report Thursday. Stewart-Peterson Senior Market Advisor, Brian Doherty, says USDA gave the market a little clearer picture of soybean demand. “They got a spike, but they didn’t really bolt higher or take off. There’s a nice U.S. ending stocks number. I don’t want to say this is a game changer, but on the surface, that’s a big change from expectations. It was still low, within in the range of expectations, but it is a starting point.”
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