Can May Soybeans Break $17? March 11, 2022

Gains in soybean futures this week came to 15 1/2 cents for the May and a good 40 3/4 for the November. Some may point out May has trouble closing past the 1700 mark. On the other hand, today's close on the November was the second best of this rally. The trend remains up. Damage to South America's crops in set in place. We're now monitoring old crop soybean export sales and the corn/course grain story.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.