CHICAGO (Commodity Online): US soybean futures ended slightly lower, with prices hovering near unchanged levels for most of the day.
Positioning ahead of Thursday's USDA reports after prices rallied for five straight trading days produced a choppy atmosphere, analysts say.
Beneficial rains in South America and stability in the cash market applied pressure to prices, while declines in the US dollar and general strength in broader commodity markets provided offsetting support, analysts say.
CBOT March soybeans ended down 1c at $12.32/bushel.
Courtesy:CME Group