date:Nov 27, 2012
g term trend in soybeans remain unchanged, with last weeks price action confirming higher highs, and higher lows on the daily chart. We expect the soybean market to continue drifting higher in the coming weeks as technical support, tight stocks, and strong demand both domestically and abroad support price action.
One thing potentially limiting any rally is the mountain of long contracts held by fund traders in the soybean market. Keep an eye on export demand and the long term trend in the comi