Soybean Futures (/ZS) closed lower on the week and further eroded some of the gains from the previous week. It will need regain last week’s highs to recover a near term uptrend. USDA reported a sale of 104,000 MT of soybeans to China for the 2023/24 shipment. CFTC data showed spec funds increased their soybean…
Macro The S&P Futures are down about 12 Points at the moment as buyers failed to advance above the 4550 area in yesterday’s session. The overnight high is 4503.75 and the overnight low is 4486.25. The sentiment coming into today’s session is Bearish. The US 10 Year Yield is @ 4.25% Stocks Toyota Motors (TM)…
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