Soybeans were mixed on spread trade and oversold signals. Beans were down for most of the session on uncertainties in the broader market and the lower trend in bean meal. There’s also been pressure from Brazil’s advancing record harvest. On the bull side of things, beans are due for a bounce on a technical basis, crush margins are good, and domestic demand is solid. Additionally, it looks like the record crop in Brazil might not be enough to make up for the losses in Argentina.
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