Mixed soybean trade

By | April 16, 2015

Soybeans had a positive lead overnight heading into the US session. But from there is was a wild ride.

NOPA crush numbers on the surface appeared bullish for soybeans however there still seems to be daily reports on just how big the South American crop is and that continues to weigh.

My May 15 Soybean – Corn spread did push higher and mimicked underlying soybeans.

I’m happy to keep holding here but will tighten my stop.