date:Oct 16, 2012
prices potentially to fall, said Rich Feltes, vice president of research for R.J. O'Brien.
The next level of support for soybeans on technical charts is around $14.50 a bushel, Mr. Feltes said. That is probably where these markets are going to gravitate to.
Soybeans dragged corn and wheat futures lower as well, as funds sold all three commodities. But corn was also pressured by negative technical signals and worries about high prices for the grain having curbed demand.
After two consecutive se