Darin Newsom DTN Senior Analyst
Mon Jan 7, 2013 11:06 AM CST

OMAHA (DTN) -- As one analyst said, "They could make 'Groundhog Day 2' on the soybean market". Once again, as most days in recent memory, a strong early rally in soybeans driven by commercial buying sparked heavy noncommercial selling. Soybeans came under enough pressure to completely erase its early gain and trade lower. Since then it has quietly crept back above unchanged, albeit slightly. Corn and wheat contracts are near unchanged, also well off session highs as noncommercial traders continue to sell.

Posted 09:47 -- Grain contracts surged over the early morning hours before falling back once again. March soybeans traded ...

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