Soybeans keep an eye on the lows from March. April 25, 2023
A fifth day of selling pushed the July contract to within 4 cents of the lows from March. December pushed to new lows for the long term downtrend and also tested the 542 3/4 major lows from back in July for a second day. Positive, for a second day December closed back just over that point. Today's trade was not a major low or anything. But it was a better trade than soybeans. Concerns over export sales to core customers, a Chinese cancellation and okay corn planting over the next three weeks are short term issues.
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