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.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
-
Overnight reacting to slow BRA planting pace and may be looking for new China buying
November 28, 2023
-
Trade Holds On To Hope Of China Purchases
November 27, 2023
Market Movers
December 1, 2023
November 30, 2023
November 29, 2023
November 28, 2023
November 27, 2023
Snapshots
Snapshots