I am watching the reaction of the global stock, energy and grain markets. The stock markets in China are sharply lower. For corn, key short-term support is at $4.14. For soybeans, January soybeans have support at last week’s low ($9.77). Watch to see if China buys soybeans aggressively ahead of the change in administration. This will show up in the January-to-March soybean spread.
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