Soybeans Shock The Trade, Highest Close Yet

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.

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