The US Soybean harvest progress (32 percent complete) is behind the five-year average harvest pace. it’s still too wet to harvest anything in most of the Midwest & Southern Ontario and soybean pods are splitting open and sprouting in some fields. More maybe more rain coming with Hurricane Micheal.We all need to have some better weather. There are lots of contracts to fill as of yet. A monthly set of USDA supply and demand estimates will be released Thursday, so pre-report positioning may still be taking place today. Mostly bearish interest have been shown in the soybean market, which is leading to losses today. Currently November futures are down $0.12 cents / bu.
The Can $ is also slightly lower today