Looks like another week of the soybean as Argentina is still at center stage in world grain markets and comments. US futures prices for soybeans were up by about USD 8 m/t while soymeal rallied by close to USD 15 m/t.
But it wasn’t just soybeans this week as wheat also took a good run higher with US hard red winter wheat (HRW) up by USD 18 m/t while US soft red winter wheat was up by about USD 13 m/t.................please see click PDF to see more details