Soybean Futures Update 5/17/2023

Soybean Futures continue to depreciate after Tuesday's data from China's economic activity coming less than forecast. China' economic growth is continuing to show slow growth after COVID restrictions ease. Mixed expectation awaits Turkish elections a grain deals in the area continue to show uncertainty from Ukraine's market. We could see further depreciation from Soybean Futures this month into the $1300ish/bushel area as a key area of support.

Lets see how the 🎲 roll.

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