Soybean prices in the United States have the potential to rise
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Last Update: 2001-12-05
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Source: Internet
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Author: User
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Introduction: in recent days, the good price of soybean products has increased the attention of analysts, traders and producers selling soybeans Monday's close was up 2 * 3 / 4 to 3 * 3 / 4 cents, supported by a stronger soybean oil futures price Whether this really means it's time to sell Farmers should pay close attention to the relationship between their net selling price and the US government loan rate in the next two weeks One analyst claimed that there was an excellent sell-off opportunity not to be missed Traders this week talked about a daily line of up to $4.54 per bushel for graphic displays in January Soybean futures closed at $4.47 * 1 / 4 / bushel on Monday The basis also strengthened, providing a supporting factor "Selling by farmers when prices are going up will be good for technical resistance staying," he said The hedging holder should get the subsidy amount and take the cash I think South American soybean production will limit the upward trend of soybean price If demand continues to support trade in the near future, the market will gain support and continue to maintain an upward trend "
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