Soybeans Shock The Trade, Highest Close Yet May 26, 2022
Beans posted a wildly strong trade today. Multiple stories combined to push futures to within cents of previous highs. July came within 4 cents of retesting that spike high from 2/24. November came within 5 1/4 cents of its high. Both contracts posted the best close of the entire uptrend. A little planting concern has been added back in, palm found support as exports from Indonesia will remain low for now, energies were raging and crushers reported demand for product.
This content requires a premium subscription.
Please login to your premium subscription to view this content in its entirety.