Positive US bean crushing fails to offset concern with China. August 15, 2022
Even with a rebound off the morning lows, the day's trade would still be called disappointing. Significant concern was noted today with China. The market also closed back below the 50% retracement mark. The issue for beans, even more than corn, is that lack of confidence in a big yield decline ahead. NOPA crush today helped but does not fix anything.
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