AgResource Soybean Comment and Analysis
Soybeans Find Support and Rally: Soybean futures closed mostly 14-15 cents higher with November soybeans uncovering support near the 50 and 200-day moving averages. It’s worth noting that the 50-day moving average crossed above the 200-day average on Tuesday, a technical bullish signal for longer-term traders. Soymeal gained $6-7/ton, with December futures closing above its…