The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Kevin Van Trump has over 20 years of experience in the grain and livestock industry.
Soybeans have fallen under a wave of bearish headlines as the front month gives back over $0.35 cents to start the week. Technical traders will be keeping their eye on the 200-Day Moving Average which is now close to $12.76. If we see the front end of the trade close below this level, the $12.50 area will start to come into focus and if that level is breached the lights at the party might be off for some time... or at least until negative headlines start being released regarding Brazilian logistical problems or another round of South American weather hiccups. Below are a few of the more talked about bearish headlines that have hit the soybean market...Click here for my daily report
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