CBT May Soybeans Test Contract High Against $14.30 on Fund Buying; South American Weather Forecast Consistent; Brazilian Soy Products Below US Gulf
Money Managers Pile into New Soybean Length on Chart Pattern Sharply higher CBOT soy futures is the keynote of the morning with May soybeans seeking to test contract highs in the lower $14.30’s while soyoil pushed to another new contract high at $49.27. Fund managers have piled into new soy length based on a bullish…