August weather concerns support grains. July 29, 2022
A huge win was noted for soybeans this week. The dominant November gained 152 3/4 cent from last Friday's close as US weather forecasts were a clear driver. Bulls will note this contract has almost recovered the 61.8% mark of the whole June/July price decline, 1471 1/2. Additional support came from concerns over Argentine soy product exports and hopes for US biofuel legislation.
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