A Look Into the Markets - Grain Spreads: Soybean Strangles

Written Wednesday, November 26 Dips in the soybean volume became buying opportunities today highlighted by near term contracts. More Chinese business is being reported, though the market seemed not too impressed, in my opinion. Wire services are reporting China is believed to have bought 10-15 cargoes (600k-900k tonnes) of U.S. soybeans yesterday. January beans settled firm into the holiday break and just ahead of end of month on Friday. The grain markets had a regular session today, no overnight trade tonight and no trade tomorrow for the Thanksgiving holiday, a hard opening Friday morning at 8:30 a.m. CT and then...

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