Wednesday, April 2, 2008

Soybeans Soft Today

Soybean prices, while modestly higher in the day session, are showing weakening demand and price softness today. My sources suggest that prices should fall somewhat in the short-term. Demand remains very strong globally, and any adverse weather conditions, or indications that farmers are shifting acreage back to corn, would drive soybean prices higher as well. Trading conditions like we see in soybeans today are dangerous, and to be avoided. Erratic prices activity today and sideways trading can not be traded profitably. I'm trading corn and wheat today.