Wednesday, April 30, 2008

Prices Sag at $13.50

After reaching $13.50/bushel, soybean prices have now sagged and collapsed, perhaps on weak fundamentals news that may have provided price support. In a matter of minutes, prices have retraced more than 20 cents from today's high. This surge higher and collapse have changed today's trading activity from the category of "average" to "outstanding".