Soybeans Keep an Eye on the Lows from March April 25, 2023
The past few days of selling have removed 80 cents of that 117 1/4 cent rally from March lows to April highs on the July contract. Today's lows were within 27 1/2 cents from that March low we're all watching. The day's close, near the lows, was not impressive. November continued its selling as well, getting within 12 1/2 cents of testing its March lows at one point today. Today's close on the November was the second lowest of this general downtrend. Export sales concerns are now being traded. The market expects planting to get serious in the second half of next week.
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