Economy
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Soy Surge Resumes
June 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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From a technical perspective, the recent break of resistance suggests that soy prices could be headed for a run towards the March highs of 1,600 US cents per bushel (USc/Bsh). The fundamental picture also supports this view as inventories remain low thanks to ongoing supply problems in Argentina resulting from farmers' strikes.