The soybean market continues to find strength on good demand and ideas of short global supplies. Kluis Commodities hedge consultant Jacob Burks expects demand to continue until the next South American crop is harvested next February. “China’s buying right now is strictly on their needs. I don’t know how much it has to do with fulfilling any type of trade agreement. They just need soybeans,” says Burks. “South America doesn’t have any to give them, so they’re coming to the U.S. We’ll be watching for the next month to make sure they’re being shipped out.”
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