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Soybean meal giving bullish clues for soybeans

December 2, 2021 by Jim Wyckoff

In the 1980s I was a grain markets reporter on the trading floor of the Chicago Board of Trade. The veteran soybean pit traders would tell me to closely watch soybean meal, as it can lead soybeans out of a bear market. A look at the March soybean meal futures market shows prices are trending higher and this week rebounded from selling pressure to keep a price uptrend alive. The resilience of the soybean meal market recently is a bullish clue that better times are ahead for the soybean futures market. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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