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Farm Futures reports that new-crop soybean cash prices reached about $10 a bushel in a rally, prompting farmer selling in the Midwest. The publication advises a cautious approach to selling too much of the 2017 crop, suggesting a modest sale near $10.50 for November 2017 futures.
Farmer forward selling near $10 adds supply pressure on new-crop soybeans, while expectations of better 2017 pricing could limit downside.
farmprogress.comBob BurgdorferDec 7, 2016Not 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.
