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The technical surface is seriously oversold, and most CBOT soybeans are expected to close up
Gold Ten Futures, August 15, Chicago Board of Trade (CBOT) soybean futures mostly closed higher on Wednesday, with the main contract closing 0.6% higher, emerging from a technical rebound after hitting a four-year low on Tuesday. The U.S. Department of Agriculture raised its forecast for U.S. soybean production in the 2024/25 year to a record level, and soybean prices fell to a four-year low, causing technical oversold. One analyst said that perhaps the impact of the supply and demand report has...
2024-08-14 23:36:02
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