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FOB soybean prices in Brazil (Paranagua) closed near $11.00 per bushel, up a dime on the week and at a one-year high. New Orleans FOB soybeans rose 15 cents to $10.82, their highest close in 11 months, even as Brazil's harvest is expected to be a 4.1-billion-bushel crop.
Strong FOB values despite a large expected Brazilian crop suggest firm export demand or Argentine supply worries are supporting soybean prices, which feeds into soymeal costs for feed buyers.
dtnpf.comTodd HultmanFeb 23, 2018Not 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.
