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Soybeans rally amid scorching heat in Midwest

August 21, 2023 by Jim Wyckoff

The grain futures markets have seen price rallies recently, due mostly to scorching hot weather in the U.S. Midwest that is very likely to nip production potential for the corn and soybean crops, and especially soybeans. See on the daily bar chart for November soybeans that prices are starting to trend higher. The Pro Farmer Midwest crop tour this week will provide more information on the conditions of the corn and soybean crops. The tour starts Monday and concludes Friday with corn and soybean production estimates. Stay tuned! Jim Wyckoff

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

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