It was a rather strange day for grain and soy markets, which saw prices swinging in wide trading ranges. General Comments It was a rather strange day for grain and soy markets, which saw prices swinging in wide trading ranges. The Globex overnight session watched the soy complex continue Monday's strength, while the grains traded both sides before sliding lower. Volume was moderate. The day session opened with a similar pattern of soybeans moving higher with the grains not very successfully trying to follow. July soybeans bumped up against resistance at $15.00, and November soybeans found resistance at an old trend line near $12.57.Had prices been able to hold or even exceed these price levels, it would have been a key technical victory...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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