Market Activity

Soybean futures bounced back on Tuesday with the nearby contract up a little more than 1/2 percent. However, gains in deferred contracts were smaller with the November contract gaining about 1/4 percent. The gains came despite fresh rainfall in portions of Argentina as technically driven trading continued to drive prices. In addition to technical buying, soybean prices were also supported by gains in soybean meal futures, which rose a little more than 3/4 percent in…