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Soybeanmeal CBoT N16

Soybeanmeal CBoT N16

Soybeanmeal:
Price practically reached our target already during the past week which came earlier than what we expected. The development of the price move of the past week suggests that there could well be one more swing up in this chart before price will start a sizeable decline again. We would like to see a close of some 10 dollars above the current levels during the coming week before we start looking for a short-term bear scenario.