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Allendale released 2018 corn and soybean scenarios in which prices could move higher, while stressing oversupply in both crops. Soybean exports were 13% behind last year's pace as China buys fewer U.S. beans, and the firm said beans could fall to $8.50.
Slower export sales and oversupply point to downside risk for soybeans, while weak U.S. bean demand from China keeps feed protein prices under pressure.
brownfieldagnews.comJan 24, 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.
