Soybeans post a third week of gains January 7, 2022
Soybeans were the leader of the complex this week with total gains of 71 cents. Today's action was characterized by new highs for this general uptrend and also a new high-close for it. If you peg the start of this rally on 12/15 then this three week rally now totals 145 cents for the dominant March contract. Brazilian weather has remained an issue during this time. New for this week, is the focus on Argentina. Some would suggest a portion of today's rally came from the poor employment report. That could cause the Fed to pause in its intentions to end easy monetary policy.
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