Soybean Prices Hit 2 Month Low

Soybean Prices Hit 2 Month Low
Soybean Prices Hit 2 Month Low

Soybean Futures–-Soybean futures in the May contract settled last Friday in Chicago at 9.23 a bushel while currently trading at 9.00 down nearly 20 cents for the trading week hitting a 2 month low.

In my opinion I think soybean prices could test the September 18th contract low at 8.53 as there is nothing bullish about this commodity fundamentally speaking.

Full text available to Mike’s Coffee Shop Members only.