October 30, 2019
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0:47Now PlayingMoney managers have remained bearish on soybeans since February, including throughout the crop scare event that occurred in Spring. The bullish reversal was likely triggered by China’s return to the U.S. soybean market, which occurred ahead of the recent developments in trade negotiations. With a formal Phase One agreement between the U.S. and China in the works, expect fundamentals to take back control as the price driver. Insights via @CMEGroup
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