bearish
Soybeans Spike Due to Weather Worries - The Credit Crunch Isn’t over Yet
SUMMARY
- Soybeans spike due to weather worries The worst U.S. Midwest drought since 2012 expanded over the past week despite mild temperatures as a lack of rain across the heart of the American farm belt threatened newly seeded crops.
- Below-average rainfall and high winds also exacerbated drought conditions in many regions.
- In the early growing stage of the crops, drought can be compensated by more rain in the later stages.
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