Meal Rallies Following Weather Forecast, CCI is Oversold

Bean meal futures consolidated Monday’s gains on Tuesday as rainy, cold weather in parts of the U.S. Farm Belt prompted worries over the health of some crops. Prices of grain commodities were lifted by forecasts for cool, rainy weather in the northwestern corner of the U.S. Grain Belt, which could further delay spring planting or potentially harm newly sown crops.  

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