News Snapshot:
Traders have stepped in to take profit on soybean futures over the last week as the commodity trades near all-time high levels. CBOT soybean futures are trading at $16.51 per bushel, up from $13.62 at the start of January, and up from $12.24 a year ago. Like with most commodities, the war in Ukraine cranked up soybean prices on concerns about supply issues as Russia is a significant producer of the bean, but now supply issues in Argentina, Brazil and Paraguay are adding to the tightness in the market. Only five months ago the US Department of Agriculture was still...
