date:Jul 07, 2014
ptions positions.
Some dip buying should emerge once selling pressure eases. But until a material change emerges in the outlook for new crop supplies, the path of least resistance for prices may be lower. If savvy end users slow their buying as large speculators bail out, November prices could gather enough downside momentum to slip under their 2014 lows in the $10.88 a bushel region.
At 84.8 million acres, this year's US soybean crop has the largest area footprint ever, and thanks to broadl