Grains end on a high note ahead of Christmas December 23, 2021

For what is normally a quiet week, the 52 1/4 cent rally this week was a surprise. Soybean futures put in new highs for the uptrend today and also posted a new high-close for this trend. This week was also important as we recovered over 50% of the losses from the prior long term downtrend. The bear argument has been based on trend yields for Brazil and Argentina. For now, as we approach January where weather has an impact on final yields, that is not in the forecast. Outside markets also ended the week on a positive note.

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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.