Soybeans rose last week on CBOT amid record US harvest
CBOT soybean futures rose. Between August 15 and 22, soybean prices rose by USc14.2 to USc1036.4/bu.
Crop tour results confirm a record harvest, but it remains unclear if the actual harvest will meet the USDA’s high forecasts. The market has largely priced in the high yield factor and is now focusing on processing and export issues. Exceeding market expectations, export sales support prices.
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