USDA Report - April 10

[charliep]

Most recent USDA report.

[URL="http://www.usda.gov/oce/commodity/wasde/latest.pdf"]April[/URL]

Most bullish soybeans. Market reaction below.

<a href="http://www.farms.com/markets/?page=default">Nearby futures</a>

Hopefully farms.com will post some commentary.

[errolanderson]

Hey Charlie,

There might be a risk of a canola
reversal today due to the slide in
outside markets. Drop in Cdn dollar is
supportive, but I'm concerned that
crude's drop and weakness in equities
might make the funds bolt.

Nov canola $570 puts traded as low as
$17/MT this morning.

Errol

[parsley]

Thanks for the ver interesting note charliep. You
might have to dig my reply out of spam b/c I used
my hotmail addy, which one other time, ended up
in yr filter. LOL Pars

[cottonpicken]

For what its worth,i've read from a few good broad
market analysts that the usda numbers are very
flawed,just like the cpi and employment numbers.