Harvest Pressure Keeps CBOT Soy Values Down

Overnight selling continued  on Tuesday with limited fresh demand news prompting the unwinding of long soybean/short grain spreads. November soybeans closed 6.25 cents lower.  Soymeal prices are holding above all major moving average, though cash basis across the Midwest continues to trade at multi year lows.   Commodity fund traders were estimated sellers of; 4,000 soybean…