SOYBEAN FUTURES FALL DESPITE ANOTHER SALE TO CHINA

Soybean futures declined more than 3/4 percent on Wednesday pressured by the lower-than-expected announcement of export sales to China. However, losses were limited by technically-driven buying in the nearby contract at the psychologically-important $9 per bushel level. Wednesday morning, USDA announced, via its daily reporting service, the sale of 1.2 million…