The Market It was a holiday shortened week and volume was down as it included a shortened trading session today as well. Speculators are no doubt disappointed as they’ve been exiting long positions at the same time the market keeps climbing. January soybeans added 5¼ cents this week, or 0.6 percent. January soyoil tacked on 1.04 cents for a 1.6 percent advance, but January soymeal was down $4 despite impressive weekly export sales.  CBOT speculators remain focused on COVID measures in China, risks to the global economy, and softening petroleum prices. Meanwhile, cash soybean bids, which is where the rubber meets the road, remain relatively high to futures prices. 

Harvesting has not adversely impacted soybean pri...