AgResource Soybean Comment and Analysis
Soy Futures Correct an Overbought Technical Condition: CBOT soy markets started the week with a needed correction. At last week’s high, nearby soybean futures were more than $2.95/Bu over the mid-December low. A break was needed. US soybean export inspections were above expectations reaching a 3-week high of 76 Mil Bu. The previous week was…