From the desk of Thomas Bruni @BruniCharting
Over the past few weeks there have been some interesting developments in Agriculture commodities, and Soybean Oil is no exception.
Before we get into the price action, I think it’s worth noting that we’re in the middle of a seasonally strong period for Soybeans, while hedger positioning and public sentiment are coming off multi-year extremes. These should both continue to provide a tailwind for prices of Soybean related markets in the weeks and months ahead. [Read more…]