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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Allendale Insider
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On The Go
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Market Movers
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Possible light fund short covering yesterday
December 6, 2023
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Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
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SA maps still look solid for rains in the 10 day
December 1, 2023
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Trade expects strong exports and more 8 AM announcements
November 30, 2023
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Open interest continues to fall drastically
November 29, 2023
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