March soybean futures the March soybean futures market is
The March soybean futures market is showing signs of consolidation around the $12.10–$12.20 level. Technical charts suggest resistance at $12.35 and support near $11.95, with trading volume hinting at cautious sentiment ahead of Chinese demand data releases. Everything we need to know is in the market. All that really comes from the outsiders, for those folks who honestly believe that USDA runs every market and that traders cannot function, are not smart enough to actually be able to read and understand what the markets are saying, that all information, all control has to come from USDA. I've always fought against that. I think it's one of the dumbest things this industry continues to show. Diversify your portfolio with five new Micro contracts for Soybean, Soybean Oil, Soybean Meal, Corn and Wheat. USDA weekly export inspection data showed U.S. soybean shipments meeting expectations, offering light support to March soybean futures around $12.
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