date:May 25, 2016
After days of profit-taking and modest selling in the Chicago soybean pit, prices have once again jumped higher in today's trade.
The Jul-16 contract settled 18 cents (1.5%) higher to close at 1080 cents per bushel. On a rolling spot month basis, the close this evening was the highest in 2 ? years.
La Nina fears driving buying
Darrell Holaday from Country Futures noted unequivocally, that the overwhelming US drought psychology has taken over the entire sector. Referring to the meteorologic