Ag

The soy complex closed moderately lower after trading six higher on the day. The reality in my opinion is that there is a very large supply of beans in the world, However, market participants really want to believe in a bull market. The yields domestically are fine. Not as good as last year but fine. The southern hemisphere has a large old crop supply. All of this will ultimately affect the market. look for any rallies as opportunities. The weather in argentina and brazil is not ideal but it is very early. Mother nature has a way of evening out. A normal yield may push global supplies above 100 mln tons

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