date:Dec 29, 2012
de markets turned negative midday on fears that Congress may not agree on budget and tax reform before year-end.
The broader commodity complex along with US equities traded lower for most of the session as a result. CIF soybean basis bids in the Gulf firmed today as futures slid lower and on rumors that China may have bought additional soybean cargos overnight.
Demand remains strong for US soybeans but with Brazilian harvest just about a month away, some in the market suggest the robust sale