Grains Are Holding Despite Energy Price Declines

Heating oil, the futures contract for diesel hedging, is -35% from its recent peak. May soybean oil is only off 6% from its recent peak. Oilseeds are doing well on their own accord at this time considering the loss of this support. Today's NOPA crush report, Argentina's export restrictions and Ukraine are still strong points. announcement. We will agree with criticism that May soybeans have had trouble closing past the 1700 mark.

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