Weekly Recap

March Soybean futures kept their rally alive, gaining nearly 32 cents per bushel and moving higher for the fourth consecutive week. Export sales were down 20% from the previous week but were still enough to push total commitments up to 97% with 27 weeks to go. This was enough to support prices for at least the past week. There was not much change in the cash basis for soybeans. The basis out of Central IL. weakened…