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Darin Newsom

Why Did the Soybean Market Take a Breather Overnight Through early Wednesday Morning?

Watson

  • The US dollar index extended its short-term downtrend overnight, while the next FOMC meeting grows larger on the horizon. 

  • The soybean market took a breather, not overly surprising given the March futures contract has rallied roughly 50 cents from last Thursday's low. 

  • Trade volume was solid in the wheat sub-sector, led by impressive activity in the Minneapolis HRS market.

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