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".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".