date:Oct 19, 2012
and bargainhunting as traders defended the key $15-per-bushel level, anarea briefly penetrated earlier in the week.Soy plunged to a 3-1/2-month low of $14.85-1/2 on Monday,down 17 percent, or $3 per bushel from the record high of nearly$18 per bushel set in early September.
The market was very oversold from a technical standpoint,Roose said.
CHINA PROSPECTS, STRONG CASH LEND SUPPORT
Continued brisk sales of U.S. soy to China, the world'sbiggest soy buyer, helped buoy the oilseed in addition