Grains Look for Price Support
Soybean futures closed lower on a weekly basis for the first time in seven weeks. Pricing appreciated 20 percent...
Soybean futures advanced two percent last week, offsetting half of the prior week's weekly decline. The USDA's Sept 30 grain stocks report showed an aggressive decline in soybean stocks, which helped support pricing. Soybean stocks are at 523.5 million bushels versus 909 million in September of 2019, a 42 percent decline.
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