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CBOT soybean meal is testing its support level of 305 US cents per bushel for the fourth time. Traders are watching whether the market holds or breaks lower.
A break below the repeatedly tested support could extend losses in soybean meal, lowering feed protein costs for buyers.
zmp.deNov 15, 2018Not 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.
