Mike McGlone|7月 09, 2026 11:24
$12 Soybeans May Mark 2H's Do-or-Die for Agriculture
The direction of the agriculture sector in 2H could pivot on $12-a-bushel resistance in soybeans. Will the market sustain above this threshold, or drop below $10 as in 2024-25? My bias leans to the latter and the graphic shows a top reason why -- massive supply from Brazil.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/thwmfikgzaip {BI COMD}
#soybeans #grains @Bloomberg(Mike McGlone)
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