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Chicago soybean futures started 2021 with a bullish tone, climbing to their highest since June 2014 on Monday. Tightening South American supplies and strong Chinese demand supported prices.
Tight South American supplies and firm Chinese buying leave less soybean supply available to feed buyers, pointing to higher soybean and meal costs.
reuters.comJan 4, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
