China Hopes and Argentine Weather Adds Support December 28, 2022

Unlike yesterday March soybeans had no problems with holding trades over 1500 into the close. Hopes for Chinese imports, likely a bit overblown, and a concerning Argentine forecast are the drivers. Next stop in the trade's mind is the 1524 - 1528 1/2 upside gap that was left open since June. That is less than 10 cents away!

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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.