date:Nov 07, 2012
Soybean prices reached a peak on September 4, with November 2012 futures trading to $17.89 per bushel. The price of that contract declined to about $15.50 by the end of September and has been in a range of $14.86 to $15.74 since then. The price is currently in the lower half of that range, writes Darrel Good.
The generally sideways pattern for soybean prices over the past month reflects conflicting fundamental factors. The most supportive factor has clearly been the very strong export pace. US