Grain TV: Soybeans Bounce Back
Soybeans bounced back fairly strongly today as it was determined the market had been oversold, however topside potential remains around $13. Corn also saw some slight gains today but the bears are still in control of the market and downside potential is pretty high.
The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,