Moderate Losses For Grains

Light losses were noted for soybeans this week, May fell 9 3/4 and November 24 1/4. Pressure from the energy side, and May soyoil posting its lowest close since 2/25, was an issue. May soybeans still cannot post a close over the psychologically important 1700 mark. There are still a lot of unknowns ahead with energy prices, Ukraine planting numbers, world fertilizer, US summer weather and others.

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