The CBOT started the week with a collapse in soybeans and the broader soy complex in early trade that pulled corn and wheat lower as well. Soybeans, soyoil, and wheat all scored new contract lows in the early selloff with funds eagerly extending their short positions. By the day’s end, however, every market had at least pared back its losses, if not settled higher, and scored a technical reversal in the process. There seemed to be a sense that new contract lows may be “too cheap” relative to world fundamentals and a mostly hot, dry weather forecast for the U.S. over the coming weeks.  Perhaps the biggest reason that the CBOT saw its declines on Monday was Sunday’s beneficial showers across Wisconsin and Iowa. T...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, China, North America, Russia