Another down day for soybeans

Another down day for soybeans

Soybeans were lower on fund and technical selling. Soybeans saw another round of liquidation, with some spillover from the bearish uncertainty in the broader market, including a sharply lower move in crude oil. Brazil’s record harvest is ongoing as estimates for Argentina continue to fall. The USDA’s next set of supply and demand estimates is out April 11th, with CONAB’s updated outlook for Brazil schedules for April 13th. Stateside, the trade is keeping an eye on conditions ahead of widespread planting.

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