Soybeans Drift to Low $12.70s: Testing 50-Day Moving Average

Grain Report Chart of the Day

Soybeans

Nearby Daily
 

Softening away from $13.
 

Closed at $12.77; overnight in the low 12.70s.

Looking for support from the 50-day moving average.

 

Why?

 

Because the 50-day has eyes on it.

 

That is it.

 

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