AgResource Soybean Comment and Analysis
Soybeans Reverse on Disappointing US Sales/Uncertain Argentine Rain: Soybean futures fell sharply with a further unwind of the July/November spread. US 2020/21 net soybean export sales fell to just 6.2 Mil with cancellations of 11 Mil Bu to an unknown destination. The tepid sale pace should not have been a surprise amid China’s Lunar New…