Grain TV: Soybeans Hammered by South American Weather
Rains in South America hammered the soybean market while corn remained relatively unchanged, moving slightly higher. While the rain event should seem to be more of a corn story, soybean’s sharp decline could stem from a lack of any major upcoming reports to keep the bulls in the market following last week’s rally.
Like a bulldog, it keeps holding on. While I remain friendly to the cotton market I have held to the idea that prices needed to break back down to the