date:Apr 29, 2016
cent rally.
For soybeans, the bank noted that long-term bearish fundamentals still remain in place and will ultimately push prices lower, even as it noted large-scale fund short covering fuelling last weeks rally.
Chinese demand
But front month soybean futures kept their head above water, as markets still remain wary of any further crop downgrades from Argentina, and with Chinese demand believed to still be heavy.
Over the last week, there were rumors as many as 50 cargoes of soybeans were b