Soybeans end the year with new highs for the uptrend. December 30, 2022
March soybeans filled the upside gap that was open to 1528 1/2, went to 1537 1/2, then set back to the bottom of that gap by the close at 1524. This could be seen as a completed upside chart target and light failure. Bulls would also point out it was a new high for this uptrend and also the best close yet for the uptrend. Good US export sales, Argentine dryness and hopes for Chinese buying ahead are factors.
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