November 22, 2014

Soybean Commentary

Posted 11/21/14

The bean market ended the week on a wild note as the front month January contract traded a 26 ½ cents range. Inter day swings were a whopping 22 ½ cents. For the week beans gained 16 ½ cents. New information to trade was lacking. The EPA chose to hold off making the 2014 biofuel mandate until next year and now will release standards for 2014, 2015 and 2016 sometime next year. Trade volume was good as it looks like spec money was jumping back into the market after being absent the past few sessions…

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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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