Soybeans Close Firm On Oversold Conditions
Deeply oversold technical conditions and concerns for dry August weather supported CBOT soybeans at the end of the week. November soybeans held a narrow 9.5 cent range through the day and were 3 cents higher at the close. Â The Commitment of Traders report showed that for the week ending Jul 30th, the Managed Money…
Soybeans Continue Lower On Limited Demand/Chart Related Selling
CBOT soybean futures fell to new lows, with November soybeans stopping just short of closing a gap that was left in mid-May at $8.58. The market had been under technical pressure overnight, and losses were extended ahead of the close as US President Trump stated that China has failed to follow through with previous promises,…