Soybeans

SPX $7 range today as the Holiday market narrative takes control.I imagine White house and China do not want to upset the proverbial apple cart and not talk trade for a few weeks so as to let markets work on their own.

Soybeans are bid due to Deescalation US china trade tariffs and the Expected news that Argentina is raising Export duties on all grains to help fill their Budget deficit thus making US AG products a bit cheaper

January Soybeans +7% since most recent lows
January Soy oil, always seems to be moving higher but has exploded recently due to strength in beans and hopes for new Bio diesel deal.

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