Oilseed complex rebounds. December 20, 2022

Though today's soybean rebound was positive it simply filled a minor upside chart target. Traders are happy to trade an Argentine weather premium but the current forecast does not return an immediate threat. Brazil's dryness this week for most areas will then transition into normal rains next week.

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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.