July Soybean Chart

Soybean prices down sharply today. They were down 50 cents at one point, turning around closing about 35 cents lower. It was still a disappointing day with the short term trend still pointed towards in beans with the technical indicators pointed downward as well. Old crop July corn may have bounced back nicely but July soybeans did not, keeping the chart in a downtrend at least in the short term.