Profit-taking/liquidation and rumors of Argentine orders support soybeans. March 28, 2023
Corn rebounded to a 50% retracement mark in recent days. It appears as though May soybeans will attempt the same, 1477 1/2, just over 10 cents away. A small rebound in energy prices, rumors of the US getting Argentine orders, profit-taking after a significant decline, two USDA reports on Friday and month end/quarter end are all issues for this week's discussion.
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