Soybean prices falling

The price of soybeans and soybean oil has been declining on the CBOT. In the last three days, it declined by 9.0 points. This is because there is an expectation that soybean supply will increase soon as a result of ongoing harvesting in the United States and therefore put a downward pressure on prices. While this increase aggression among producers and speculators to offload any stocks that have been previously acquired before prices run-down, there is no similar amount of aggression among consumers and soybean processors to buy because they still expect prices to fall further than the current level. In view of this I thought the prices would continually decline for a while. So I short 5 contracts of soybean and earned an interest of $32.0.

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