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Soybean and soybean meal futures closed higher for six straight sessions, with March meal more than $28 above its $310 low while soybean oil fell 3%. Live cattle rose on a cash price surge to $123/cwt and a blizzard in western Kansas and Nebraska, though boxed beef weighed on the market.
Congress ended a government shutdown and sent the bill to the President.
The soybean rally was driven mainly by meal strength, which supports feed ingredient costs. Routine price moves with limited new supply information keep this a low-impact wrap.
kyfb.comJan 22, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
