Soybeans and corn react to Argentine forecasts January 4, 2022
Soybeans were supported today with new highs posted for the uptrend. New highs for this three-week uptrend were noted. Different than in previous days, both both oil and meal were working for gains. The Brazilian weather forecast has not really changed too much. The Argentine forecast has dried since yesterday. For now, this is overshadowing the change in export business from the US to Brazil.
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