It appears that the influence of soybean selling has caused corn and wheat to sell somewhat too, but it appears that perhaps a bottom has been created for soybeans, and the rebound has begun. This is good, because prices were only about 20 cents from lock limit down. I'm always happier, as a trader, when prices remain vibrant, dynamic, and continue trading throughout the day.Monday, April 28, 2008
Bottom and Possible Rebound
It appears that the influence of soybean selling has caused corn and wheat to sell somewhat too, but it appears that perhaps a bottom has been created for soybeans, and the rebound has begun. This is good, because prices were only about 20 cents from lock limit down. I'm always happier, as a trader, when prices remain vibrant, dynamic, and continue trading throughout the day.