Soybean futures are trading 2 to 4 cents lower after a lower close - TopicsExpress

Soybean futures are trading 2 to 4 cents lower after a lower close yesterday. Preliminary OI was up 8,715 contracts. There were 99 deliveries overnight and month to date total is 356 contracts. Technically, May futures have now rallied to fill the chart gap at $14.10, eliminating the bearish breakaway gap, but closing the gap also completes a short term objective for the bulls. The DTN National Soybean Index was last reported down $0.26 at $13.39.

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