date:Dec 28, 2012
spite demand side data that was considered positive to price direction.
The USDA reported that 115,000 tonnes of soybeans were sold to China and 108,000 tonnes were sold to an unknown destination for the 2012/13 marketing year.
Export Inspections were also considered positive today but traders shrugged off the news and bears kept the selling pressure on the market.
Inspections for the week ending December 20th were pegged at 44.5 million bushels vs. 36.9 last week. Inspections needed each