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A market commentary notes soybean bulls focus on South American weather and possible Argentine crop cuts to 50-52 million tonnes versus USDA's 56 million. The analyst advises producers to sell rallies on new-crop contracts and remain cautious as a speculator.
Potential Argentine shortfalls support new-crop soybean prices, so buyers should watch for rally-driven price risk while producers look to hedge forward sales.
farmprogress.comKevin Van TrumpFeb 1, 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.
