AgResource Soybean Comment and Analysis
Soybeans Decline on Higher Crop Ratings/Massive Fund Sales: Soy futures were under pressure following Monday’s surprising increase in condition ratings. Selling accelerated as November soybeans fell below the 50 and 100-day moving averages. Funds sold an estimated 15,000 contracts of soybeans on Tuesday. US soybean meal basis, both in the export and interior domestic markets,…