The young millionaries watch these signals and use them as a part of their overall trading strategy. Watch volume for price clues. When volume and price go up together, it's a buying signal. When volume increases and prices go down, it is a selling signal. But when trade voume goes down, regardless of price direction, it's a signal to stand aside, or expect a market reversal.
Brazil is a major exporter of soybean products.
Farmers have also sold into the recent rally, further fueling the downslide. Other rumors include a similar package for South Korea. August soybean oil technical support lies at .1780, resistance .2037, .2230. The USDA made an announcement that they had authorized Russia to purchase meat from the US in a food-aid package. With warmer weather approaching, demand for beef could begin to pick up.