AgResource Soybean Comment and Analysis
Soybeans Fall Under Bearish New Crop Outlook: Soybean futures fell 13-14 cents in an ongoing response to Tuesday’s WASDE report. Bearish technical trends, along with an outlook for another year of expanding Brazilian production had funds back to selling the CBOT. Funds sold 4,300 soybean futures. The USDA announced 14.6 Mil Bu of export sales…