1. Corn futures surged to new all-time highs in sympathy with the wheat rally, while soybeans retreated to profit-taking from major fund houses. 2. Soybean also retreated amid a forecast for an even larger crop than projected a month ago, amid ample supplies. 3. Corn prices also rose, while soybeans retreated. 4. In other commodity markets, soybeans retreated after two days of strong gains and cocoa rose. 5. Soybeans also retreated under pressure from the weather, with the crop outlook strengthened on a combination of past rains and a coming warming trend. 6. Soybeans retreated as the market first showed enthusiasm about strong weekly export sales, then shrugged them off as not impressive enough to justify higher prices. 7. Soybeans retreated modestly in an apparent correction to the session-ending rally on Monday. 8. Soybeans retreated slightly in lackluster trading. 9. Soybeans retreated to their lowest level since mid-January as forecasts called for more rain into next week in leading growing regions of South America. 10. Soybeans also retreated on rumors several ships loaded with Brazilian soybeans and products were destined for the United States, which could relieve any tightness that may occur. |