On the first day of the new 70 cent lock limit, soybean prices are flirting with lock limit down. On relatively weak volume and somewhat subdued trading, many traders are squaring up their positions in anticipation of the US Crop report due out on Monday. Like many others, I will not hold a position open over the weekend.Friday, March 28, 2008
Soybeans Flirting With New Lock Limit
On the first day of the new 70 cent lock limit, soybean prices are flirting with lock limit down. On relatively weak volume and somewhat subdued trading, many traders are squaring up their positions in anticipation of the US Crop report due out on Monday. Like many others, I will not hold a position open over the weekend.
