The soybean futures market bulls sprang back to live on Monday following a surprisingly bullish monthly USDA supply and demand report. Prices have it a 2.5-month high and an uptrend has been restarted on the daily bar chart. The past several weeks have seen the soybean market bulls show resilience following selling pressure. Another big obstacle facing the soybean bulls is the bearish seasonal of harvest pressure in the U.S. Farmer selling off their combines and the related commercial hedge pressure may limit the upside in soybeans for the next few weeks.—Stay tuned. Jim Wyckoff