Traders discuss US/China virtual summit tonight November 15, 2021
Traders would be hard pressed to explain the recent 78 1/2 cent rally posted for January soybeans from the 11/11 low to today's highs. Last week's inflation data, lower than expected soybean stocks increase from USDA, and soymeal issues would be small stories to justify it. Even so, soybeans remain in a clear five month downtrend.
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