date:Apr 29, 2016
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 bought by China, split amongst Brazil, Argentina and the US, said Mr Cronin.
The combination of the buying coming from both Chinese end users as well as managed funds is probably what has kept futures from suffering a more severe downdra