Soybean futures are trying to hold on to minor gains from a choppy overnight session that has January futures battling chart support. A slower than expected gain in harvest last week lent some support, along with forecasts for a drying trend in Argentina. A relative slow pace of soybean shipments is raising eyebrows about demand as big speculators were only light buyers ahead of last week’s USDA reports.
Can soybeans hold the line?
Argentine forecast, lagging harvest firm futures.