Don't make me say Uncle.[edit] Awesome, this comes out the same day. I'm seeding the clouds to rain now. Also applying for TARP assistance. Goes to show just because something is overbought it can keep on going.
The report, which said the U.S. soybean stockpile estimate has been reduced by 20.0 million bushels to 165.0 million bushels, didn't disappoint soybean buyers who rushed to secure positions on the oilseed crop in anticipation of tight supply. Prices on the popular oilseed have been trading at two-month highs in recent days, aided by greater interest in U.S. soybean exports from China and because Argentina's crop has been negatively affected by hot, dry weather.
