AgResource Soybean Comment and Analysis
Jan Soybeans Test 20-Day Moving Average; Soyoil Export Demand Stays Intact: Jan soybeans rallied 17 cents on Thursday. Similar to corn, strong interior markets and concern over the spread of drought in Southern Brazil are cited. Abnormal dryness already covers some 40% of Brazil’s soybean area. Key producing states Rio Grande do Sul and Parana…