Just a note to highlight today is the monthly USDA supply demand day. US carryovers at end 2003/04 lowered slighly. Look for the market to open firmer. Issues remain whether current prices are slowing US soybean crush enough and combination seeded acreage this spring/weather over the summer in the Northern hemisphere.
http://usda.mannlib.cornell.edu/reports/waobr/wasde-bb/2004/wasde409.pdf
http://usda.mannlib.cornell.edu/reports/waobr/wasde-bb/2004/wasde409.pdf