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Soybean futures extend rally to nine-month highs on exports, reduced S. America crops; wheat up on Russia-Ukraine concern.
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Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
Soybean futures close above $16 for first time since May on exports, South America drought; corn higher, wheat mixed.
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Soybeans near $16 overnight amid export demand, S. America drought; corn mixed, wheat firmer.
Old-crop soybeans poked above $16 overnight, but key is whether there’s sustained buying above that level – something that hasn’t happened the two previous times.