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The Hightower Report said, “While it may be a risk off day for metals and stocks, beans are strong on the back of bullish action in the soy products overnight following a second day of sharp gains in crude oil. But today’s soy complex strength also looks to be tied to a news report this morning that U.S. and Chinese trade negotiators will be meeting midmonth ahead of the Trump/Xi Summit the first week of April. This seems to be confirmation that the meeting is going to happen despite China’s opposition to the Iran attacks.” Kevin Stockard at CHS Hedging said, “The January USDA crush report showed 228 million bushels crushed vs a 226.3 million bushel estimate, a new record high for the month. Soyoil stocks were 2.432 billion pounds vs a 2.418 billion pound expectation.”





