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Boone Co. Iowa | I think bean carry out has been projected to be tight but market really didn’t seem to care. China didn’t/doesn’t want to buy from us so South American crop was/is all that matters.
So, with so many corn acres, in my area that means fewer bean acres, so things were /are a bit snug.
Personally, I think that big $ / funds / algos are here stealing the beans at relatively cheap prices. I had some beans bought in the board, and right before they started climbing up, before the big announcement, they went down. I would contend that the algos took one big swipe and bought all kinds of bean contracts that had really low stops to bail out if the China news was bad….
I also think that beans don’t like to be in the $11 range and if we don’t have record yields, supplies are gonna be snug. I think things being snug for a few months makes 1) S. American weather, and 2) U.S. 2026 bean acres pretty important, both of which mean higher prices.
Not to mention dollar headed to the crapper and commodities like gold having tremendous run-ups.
I think beans will be volatile on News and weather, but I don’t think we have an over supply, and I think beans will generally be higher until S. American crop has got the crop off to a great start and regular rains.
Edited by WeaveFarmer 11/3/2025 06:37
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Opening guesses?
