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Soybeans Try To Recover From Friday's Losses

Soybeans Try To Recover From Friday's Losses

Bargain hunters step in overnight after bearish options expiration. (Audio)

Two-sided trade in soybeans appears to be turning higher as the overnight session winds down. Friday's big bearish reversal lower appeared in part caused by bearish options maneuvering, after March failed to hold a move over $15. However, the market still appears concerned about the timely shipment of soybeans out of Brazil, despite USDA's bearish long-term forecasts for 2013 crop prices.

Listen to the report using the audio link on this page.

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