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Soybean prices surge to a 7-year high after a bullish WASDE report
- soybean prices have risen past $1400 to trade at around $1424; the highest price since June 2014.
- USDA released a bullish WASDE report characterized by reduced production in the US and Argentina.
- The agency has left its estimates for Brazil's output unchanged at 133 million tonnes.
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Why I think that investing in soybeans is a good move in 2020
Soybeans are versatile legumes that are used to produce tofu, soy milk, and animal feed, among other things. They are also a commodity that can be traded in a number of ways, such as in futures or ETFs.The currency price of soybeansThe price at the time of writing is $8.79…
March 27, 2020
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