Early planting continues in South America. Northstar Commodity Chief Analyst Mark Schultz thinks it’s far too early for traders to be concerned about that planting progress. “Of course, there is a La Nina has formed. That can cause some issues. To get a soybean problem, it may not happen until the middle of November, at the earliest.” Schultz expects a quiet trading week. “In the meantime, I think you’ll see another USDA report possibly showing better soybean yields. The other thing we’re missing is a lack of export business and news. China is on holiday this week. We won’t see any purchase news, because of that. We may see more harvest news.”
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