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Published August 18, 2008, 12:00 AM

RAY GRABANSKI COLUMN: Soybeans finish with high gains

The week began with soybeans finishing the day with sharp gains as traders consolidate after last weeks sharp loses. Traders were squaring positions ahead of tomorrow’s U.S. Department of Agriculture reports. Preliminary estimates call for soybean production to be at 3.003 billion bushels on average and yields to be at 41.6 bushels per acre. The July report put production at 3 billion bushels with a yield of 41.6 bushels per acre.

By: Ray Grabanski, Agweek

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