Grain and Soybean Rallies Run Out of Steam

Posted on 03/09/2017 10:23 AM
Funds continued to pile money into the long side of the soybean market early this week. Aggressive bull spreading pushed lead-month soybean futures to their highest level since last summer. But active profit-taking replaced the buying at week’s end. While soybeans still posted strong gains for the week, chart action signaled a top. ...