November 27, 2014

Soybean Commentary

Posted 11/26/14

The soybean market saw quiet trading heading into the Thanksgiving holiday.  January settled at 1047, down 4 cents once again topping out at resistance levels in the 1054 3/4 area.  With tightness in meal easing and good short term supply, we would expect the resistance to strengthen and the potential for a break in the market to increase from here on out…

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    Allendale Advisory Contributor:

    Jim McCormick

    Jim McCormick

    Jim started with Allendale in 1997 after earning an Agricultural Economics degree from Purdue University. He has been a featured speaker at several of Allendale’s Outlook Conferences.
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