Bearish Beans!

Soybeans: The March contract lost another 7 ¼ cents in overnight dealing to last change hands at $6.70. The new CFTC report shows non-commercial traders being long the market, adding pressure to the downside as stops are tripped. Another key to the price puzzle for Soybeans is the fact that the CFTC reported that index funds have a record high long position in commodities. Read More....