So how long will the November WASDE report effect last? Possibly a while, but as harvest pressure starts dropping and supplies drop we could see the next move up starting. One positive for the bulls was the increase in China’s exports. Could China’s slowdown be turning around? I am sure the bulls hope so, China is the largest consumer of soybeans. Make sure you keep an eye on bean plantings in South America, plus their growing season.
Have a prosperous trading week.
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