EXPORT DATA DRIVES SOYBEAN COMPLEX PRICES LOWER; BARGAIN HUNTING HELPS PALM OIL RALLY

Soybean futures lost about 1 1/2 percent on Thursday, pressured by weak export sales data and optimism about the size of Argentine soybean production. The decline pushed the continuous nearby contract down through the 38 percent Fibonacci retracement level and through the 50-day moving average. The next area of support will come from the psychologically…