March 3, 2015

Soybean Commentary

03/02/2015

Traders attempted to rally the market early but failed resulting in a sharp decline in soybean prices by mid session.  The November contract closed 12 1/2 cents lower to settle at 985 1/4.  The charts had a negative day as well with prices breaking Fridays highs and lows, not to mention a close below the 50 day moving average…

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    Allendale Advisory Contributor:

    Jim McCormick

    Jim McCormick

    Jim started with Allendale in 1997 after earning an Agricultural Economics degree from Purdue University. He has been a featured speaker at several of Allendale’s Outlook Conferences.
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