New highs for new crop corn and soybeans. January 26, 2022
Soybeans pushed to new highs for this uptrend as well as a new high-close. Today's trade at one point came within 1 3/4 cent of retesting contract highs from back in June on the March contract. The new crop November also posted an impressive trade with new contract highs. Gains made crude oil and new highs for palm oil were supportive factors. One new Brazilian soybean export estimate was also a surprise.
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