When I was a commodities specialist, I used to trade these futures and options contracts. Price changes in these beauties makes the prices of everything made out of them change (known as the "crush" spread or the difference in price between the basic commodity and its byproduct). In this case, we are seeing prices rise. That never bodes well for consumers.
Trading Soybean's Crush Spread
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TastyTrade... Great videos!
Thank you very much! Tasty indeed!