NEWS
Darin Newsom DTN Senior Analyst
Fri Feb 8, 2013 12:31 PM CST

OMAHA (DTN) -- The soybean market remains under pressure following Friday's round of USDA numbers. However, it is interesting to note that selling is coming from noncommercial traders, while commercial interests have been active buyers. The March-to-May spread has gained more than 3 cents through midday, while the May-to-July is up almost 3 cents. This seems to be indicating those actually in the cash market do not believe Argentine production is as large as estimated or U.S. exports will come to an end in March. Commercial buying is also rallying wheat and corn, with solid gains being seen by March contracts ...

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