date:May 24, 2013
Farmer selling has picked up this week and more imports were rumored to be done between Brazil and the US which was seen as a negative factor for markets. CIF bids were down on the day as well.
Traders noted that farmer sales picked up in South America over the last week which has improved the supply pipelines for export and crush commitments.
Commodity market were also caught in the crosshairs of mixed rhetoric from the Federal Reserve Chairman that many suggested may have signaled a tapering