Weekly Outlook: Soybean crop potential tempering demand news

Posted 8/4/20

URBANA, Ill. – Soybean prices seem likely to vacillate between news on crop conditions and more robust demand prospects over the near term. USDA’s Crop Production report, due out Aug. 12, holds the potential to be an inflection point if the 2020 soybean crop comes in at levels anticipated by crop conditions, explains University of Illinois agricultural economist Todd Hubbs.

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