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Soybeans up on weather scare.

Published on: 21:43PM Dec 18, 2015

~~Soybean markets were up for the second day in a row on weather concerns in Brazil with January soybeans closing up $0.1525 at $8.922. Weekend rains will set the tone for the markets next week. It is also Christmas week and any news will ignite the market one way or the other on potentially low volume. For those of you who still have grain to sell, it could be an opportunity. One should not let greed and hope set in thinking that the market is going to continue to go higher. This is one of those opportunities of buy the rumor and sell the fact. If rain coverage is seem all over Brazil, the market will return to the assumption of sufficient supply and a huge crop potential coming in from South America. The market will return to a flat or downtrend. 

Now is when producers should be discussing 2016 strategies with their respective broker. If you have questions and would like to discuss 2016 marketing strategies, call Bob or Laura (1-800-832-1488). If you have questions, we welcome emails to laura@utterbackmarketing.com or utterback@utterbackmarketing.com.

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