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Profit Taking Hits Soybean Markets

Profit Taking Hits Soybean Markets

Soybeans give back a nickel as profit taking hits this market in a short trading week. (audio)

Soybeans test the $13.20 level early before giving up some of last week's gains to profit taking as the market looks at a short week of trading. Export inspections for soybeans and wheat were below expectations with corn showing good shipments. Harvest weather is expected to hold for most of the holiday week.

Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.

Soybeans give back a nickel as profit taking hits this market in a short trading week.

Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings extensive experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective through his comments and writing.

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