PROFIT TAKING
CBOT – Chicago soybean futures slid more.
The CBOT most active (March 2021) contract recorded volume at 193,798.
Soybean export news in the US was good, but not close enough to boost the market over the “correction” mindset.
Corn had its biggest drop since August 12, 2019.
Global supplies remain tight.
Rain in the key South American growing areas added pressure to the markets.
SOYBEANS HAVE BIGGEST WEEKLY LOSS IN 6 AND A HALF YEARS ON agriculture.com was the source of this post.