date:Nov 22, 2012
arp move higher.
Argentina and Brazil soybean production was cut by a well-known market analyst overnight which added momentum to the positive trade throughout the day. Farmer sales of soybeans in Brazil were reported at 49 per cent last week which was unchanged from the week prior vs. the 5 year average of 25 per cent.
Higher prices early on prompted a wave of new sales by Brazilian farmers but the recent decline in prices has slowed additional sales. Weather conditions in South America hav