date:Jan 21, 2013
Soybeans were supported on strong demand by fund bulls, good exports fueled by global demand, a lower US dollar, as well as last Fridays bullish-for-soybeans USDA WASDE report.
The rally was also fueled by an announced reduction in margin requirements effective at the close of business Tuesday. Exports were bullish with China announcing another large buy of US soybeans Monday morning. USDA put soybeans-inspected-for-export at 39.123 mb vs. estimates of 37-45 mb. This was well above the 15.5 mb