
Mike McGlone|Jul 28, 2025 12:11
Can Soybeans Stay Above 10.80 and Buoy Grains?
A key resistance threshold from 2014-20, 10.80 a bushel soybeans, may be regaining ceiling status. Massive supply from Brazil -- following the 2022 pump to almost 18 -- is a primary driver of the downtrend.
Full report on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/t03vmqgpqq6q {BI COMD}
#soybeans #crudeoil @BBGIntelligence(Mike McGlone)
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