Soybeans Made Solid Gains Yesterday

Soybeans made solid gains yesterday on news of increased European demand. Funds went bargain hunting on Thursday, adding to long positions. Commercial traders held a net long position of 14,521 contracts as of the February 21 Commitment of Traders report. Speculators were forced to cover short positions, as the contract broke through the $6 mark. Non-reportables were net short 43,386 contracts. Read More....