AgResource Soybean Comment and Analysis
** Fund Short Covering Rallies Soybeans to $9.10-9.20 Resistance: Soybean futures closed higher on Wednesday, with funds covering 6,500 short futures. Brazilian soybean exports in February were reported at just over 5 MMTs, nearly matching last year’s record export rate. Shipments to China totaled 3.6 MMTs, down from 4.4 MMTs last year but still the…