World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Lower Momentum

THE OPEN March beans:  1 lower Jan meal:  1.00 lower Jan soyoil:  14 lower March corn:  3/4 lower March wheat:  2 1/2 lower The markets opened as called with prices turning lower led by soybeans, which in turn pressured grains.    The weakness in the bean market surprised many traders, as there was not a fundamental link or trade story for the quick down-turn, which suggested that recent bulls were happy with the rally.  The confirmed announcement for beans seemed to only have provided a buy-the-rumor, sell the fact trade.  Spread trade continues to win the majority of the volumes with Jan contracts rolling to March or beyond.   SOY

The bean market turned lower today after clo...

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