Soybeans Firm on Fund Short Covering
CBOT soybeans were able to build on Monday’s support, and advanced another 3-4 cents through the midweek trade. The USDA announced nearly 134,000 MTs of soybeans that were sold to an unknown destination, but outside of those sales, there was nothing fundamentally to drive soybean prices directionally. Rather, the lack of bearish surprise in the…