date:Dec 26, 2012
re improving in South America growing regions and the prospect for record crops down there is putting pressure on U.S. soybean futures prices.
The nearby contract traded above $15 on Monday but has now dropped back to below $14.80.
There was some carryover selling following the weak prices before the settling price was established on Monday. The market is still trending up, but developments so far this week are troubling.
Wheat prices are generally 2 to 5 cents lower Tuesday morning. Wheat pr