Cornbelt Marketing market analyst Sam Hudson says demand is strong for U.S. soybeans even with higher prices. “When you look at our soy crush and export campaigns, we’re not rationing demand yet. If we have to do that, it will come in the second or third quarter of next year.” Strikes at Argentina’s soybean crush plants continue to support the soybean market. “Argentina is a big soy meal exporter. When you look at the U.S. crush report, it was a record for November. Our crush capacity is on the rise and it’s not going to change anytime soon. If South America remains dry, we could continue to see strong shipments. It’s hard to ignore the numbers.”
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