The bull train is alive and well in soybeans right now. Just look above at the November future for soybeans and you can see quite clearly that the market likes this commodity right now. Whether its hedgers or speculators, no one can argue that the rise has been on the steep incline. For some people that toured the midwest prior to the Farm Progress Show this week in Illinois they noticed that the soybean crop is struggling due to the high amounts of heat and lack of rain. Lower yields and strong demand means high prices…….
I spoke to Moe Agostino from Farms.com about the soybean market and what he think will happen next. has the market overplayed its hand on the bullish side? Has the projected crop yield been underestimated in the US? Will demand be stifled due to the high prices? All this and more with Moe Agostino from Farms.com from the Farm Progress Show in Illinois.
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