Can May Soybeans Break $17?

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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