Northern Nebraska | Farmspec - 11/17/2023 10:45
After the rain next week, Brazil will finish planting and replanting the Soybean Crop expect for the southern most areas which will probably still be too wet. Private forecasters have already lowered the harvest by 8-10 MMT because of the late planting. As we all know, the critical time for Soybeans is the Pod Fill stage, so stay tuned. If it gets hot and dry down there in December and January, we will see fire works in the Soybean Market.. In the short term, I think we will see a "Buy on the News" in Soybeans when the rain hits next week. Probably not a big rally but a decent bounce.
Potential rain.
As someone who's been in a three and a half year drought you can miss a predicted rain. It happens a lot. |
beans..
