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Amanda Brill at Total Farm Marketing said, “Soybeans are trading higher as technicals have become oversold and funds likely worry about holding a net short position going into a hot and dry July/August. Both soybean meal and oil are virtually unchanged this morning.” The Hightower Report said, “Monday will not only feature the quarterly stocks and acreage report but also month-end and quarter end, which could make for a very volatile session. USDA has a tendency to come in below expectations on acreage in this report, but the planting pace was fairly quick and that typically bodes well for getting all intended acres in. Even so, we think the odds are higher acres will be below the average guess of 83.65 million.”





