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feed-grains soy-oilseeds wheat

PM Post - Selling Pressure into Range Lows

THE OPEN November beans:  24 lower December meal: 4.20 lower December soyoil:  110 pts lower December corn:  3 1/2 lower December wheat:  6 3/4 lower The markets opened lower but better bean ratings vs. a small decline in corn took front and center stage.  The Census crush number for soyoil was also a negative yesterday, which impacted trade.  Selling pressure intensified for the soy complex sending beans and soyoil down to recent trading range lows, while grains were weaker, but mainly due to consistent selling pressure throughout the day.   SOY

The soy complex started the day with losses but fund liquidation was noted in beans as better ratings and the lack of recent export activity result...

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