Profit-taking/liquidation and rumors of Argentine orders support soybeans.

Corn rebounded to a 50% retracement mark in recent days. It appears as though May soybeans will attempt the same, 1477 1/2, just over 10 cents away. A small rebound in energy prices, rumors of the US getting Argentine orders, profit-taking after a significant decline, two USDA reports on Friday and month end/quarter end are all issues for this week's discussion.

This content requires a premium subscription.

Please login to your premium subscription to view this content in its entirety.

Login

Forgot your password? Reset it by clicking here.
Need an account?
Try our FREE 1 week trial, no card required.
Interested in our Free Webinar?

Sign up now! 

Post Archives

Allendale Insider

On The Go

Market Movers

Snapshots

Trader Insights

Morning Wake up Calls