Weather was a driver this week.

March soybeans, though still in a long term uptrend, set back -21 1/4 cents this week. Let's also bring up November with its -41 cent trade. November closed at its lowest price since 10/27. We are raising an alarm here as this week's trade did break a consistent uptrend for new crop. Argentina's forecast has improved. The US weather forecast shows no yield concerns for 2023.

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