Soybean Futures Falling
Source: VantagePoint Intermarket Analysis Software
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The market decreased by 52^6 cents.
52^6 cents = $2,637.50 per contract(About 6 trading days)
When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
A recent increase in rainfall has enhanced soybean output potential in both Paraguay and southern Brazil.
The USDA forecasted recently that the global soybean harvest will reach 253.4 million tons in the year ending September 30, 2010.
