🌾 Overall Market Tone
Markets are softer across the board, but the pullback is very mild
Considering last week’s strong soybean rally, today’s retreat is not concerning
🌱 Soybeans & Products
Soybeans
March beans down 4¾ cents at $11.10½
May down 4¼ cents at $11.24½
July down 3¾ cents at $11.35¾
Bears said July beans wouldn’t hold above $11 — they’ve been wrong since last Wednesday
Export news
Sale announced: 264,000 metric tons to China
