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March 2023 soybean futures peaked at $15.08 on Sept 13 and fell to $13.88-1/2 on Oct 26, then rebounded to a $14.97-1/4 high on Dec 9. The article outlines storage and marketing strategies as prices test resistance near $15.00.
Prices are testing key resistance while record South American supply and weak Chinese demand cap upside, so the outlook for farm-stored soybean prices stays balanced.
agriculture.comBryan DohertyDec 23, 2022Not 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.
