Soybean rally falls flat: Podcast

Futures reverse lower after hitting chart objectives.

Soybeans were off to the races again Friday morning on the session open, but things headed south in a hurry. After testing a couple of upside price targets, July futures reversed lower from new highs for the rally. In addition to chart-based profit-taking, weakness in outside markets may also be sending bulls to the sidelines. The U.S. economy created only 38,000 jobs in May - a performance that was much worse than expected and called into question ideas that the Federal Reserve could rai

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