Soybeans fall below lows posted in June

Soybeans were unable to avoid the renewed Chinese tensions in today's session. Higher beginning stocks last week, valid questions on both new crop exports and crush, higher than expected yields, Brazilian supplies and now potentially higher 2022 US acreage due to fertilizer issues are all additional negative factors. November soybean futures pushed to a new low for the downtrend today. It also broke below prior lows from June on the charts.

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