Some Of The Grain Arguments Changed This Week May 20, 2022
This was a winning week for soybeans. The 58 3/4 and 23 1/2 cent gain for old and new crop was better than expected. Indonesia will allow palm oil exports to some degree next week. The summer weather forecast is now less threatening. Though there is US Midwest planting it is likely there will be a minor rise in planted acreage over March intentions. The supportive point right now is US old crop sales.
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