Friday, 9 August 2013
Chicago Market Slips Lower Heading Into Monday's USDA Report
Posted on 23:39 by Unknown
09/08/13 -- Soycomplex: Funds continue to liquidate positions ahead of the USDA report on Monday. The latest Commitment of Traders report shows managed money decreased their net long position in soybeans by 31,910 contracts to leave them net long only 45,580 lots as of Tuesday night. Many still believe that the USDA's Chinese soybean import demand estimate of 69 MMT is overstated, given that it’s
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