A confluence of factors helped soybean futures post a technical upside breakout overnight with strength continuing into the day session. Macro-traders are increasingly concerned about inflation, but raw commodity prices are typically beneficiaries of inflationary pressures and that thinking led to an influx of managed money in CBOT markets on Tuesday. Disappointing yields from Brazil’s still-delayed soybean harvest and a slow start to the export year were further supportive. November soybeans and December corn rallied to new contract highs as the Ag Outlook Forum’s key takeaway was that of “big demand”, which has traders thinking U.S. acreage needs to increase.  Funds were net buyers in the soy complex and corn...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America, China