Bean Meal Breaks Through Resistance Following Crop Report
Soybean meal futures prices gyrated on Tuesday following a crop report that showed soybeans planted were at a record high. Analysts leading up to today’s USDA report largely anticipated the data showing farmers are planning to divert farmland previously dedicated to corn into soybean acres, causing prices of the oilseed and meal to sag this month.
While projections were for…
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