SINGAPORE- Chicago March 2022 soybean futures extended to fresh life-of-contract highs of $15.39 a bushel in early trade on Wednesday, as the market continues adjusting to the prospects of higher demand for US supplies following crop issues in South America.
Earlier this week, key consultancies downgraded their soy crop estimates from South America, underscoring the likelihood that global crop consumers will draw more supply from North America over the coming year. – Reuters
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