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Rain Days & Tidbits 02/05/2022

USDA reported sales yesterday morning of 252,000 mts of old crop soybeans and 43,000 mts of new crop soybeans.

Brazil's soybean basis has been declining rapidly this past week as more beans are being harvested. Some people think it is bearish soybean futures. While it is certainly not bullish for bean futures, it is a normal happening as new crop supplies come to market everywhere soybean are grown.

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