Soybeans Make New Lows, Corn Rally Capped

An AgWeb article

Grain and livestock markets were mixed on Monday.

Soybeans made new lows for the move with Jan down 17 1/2 cents.

Chip Nellinger of Blue Reef Agri-Marketing says the soybean complex saw technical selling with funds still holding a sizable long in soybeans and meal.

The CFTC Commitment of Traders Report indicated funds are still long 185,000 contracts in soybeans, 170,000 long contract in meal and 56,000 in bean oil.

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