Soybean futures burst sharply higher on a crush plant fire

Grain futures were pulled higher today with soybeans leading the way on a fire in a crush plant in Indiana.

Heartland Market Talk
Heartland Market Talk
Soybean futures burst sharply higher on a crush plant fire
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Today was not about Russia, but it was about a fire that hit a plant in Indiana that crushes 50 million bushels of soybeans a year, causing soybean oil to rise to new highs for the calendar year, lifting soybeans, which in turn lifted the rest of the grain complex.

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