date:Dec 24, 2012
s. That news overrode the positive aspects of the weekly Export Sales report and sent prices sharply lower for a third straight session. The fact that January beans rebounded from support just above the pivotal $14.00 level was impressive and could inspire bottom picking from technical traders from this point.
Whatever the post-holiday impact of these developments, short-covering seems likely to dominate trading on this last day of the week, especially in light of the supportive corn news. Jan