Weekly Recap

Soybean futures closed lower on weekly basis, achieving a lower close in 3 out the past four weeks. The January contract fell 10½ cents per bushel while the March lost 9¼ cents. The January contract closed at $9.86 per bushel. Pricing is finding it difficult to hold on to values over 10 cents per bushel. Export sales fell 91% week over week but are running 26% ahead of last season’s pace.  Last week’s sales came in at 87.5 TMT, a…