Grain TV: Soybean Break Bullish Trend
Soybeans broke the bullish trend line the market’s been following for months, with the previous support line now acting as resistance. Pricing is advised for some of new-crop beans. Corn and soybean basis levels saw strong gains this week.
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,