Are Soybeans Setting Up For A Major Move?

Are Soybeans setting up for a major move? Soybean futures seem to have missed out on the major commodity boom led by Crude Oil and the metals complex. Early planting intentions released by the USDA are for US growers to plant 76.89 million acres this year. This would be a new all-time high, and well above the 72.1 million acres planted last year. This comes on top of weak exports, with soybean inspections totaling 732.852 million bushels, down over 20% from the 918.426 million bushels at the same time last year. Read More....