Lower Indiana Hill Country | My$0,02 = market uncertainty due to DEMORAT government shutdown, China bought while there was no trade data reporting, SA weather was questionable 6 weeks ago and more better now, our USDA reporting was non-existence AND still is TBD awaiting the JAN report (last year caused much angst because of a 2% decrease in corn production). As gets stated on here often: CHINA is not our BFF and has spent the money made off of us to develop Brazilian and Argentine production, infrastructure and dependency upon them. The US Farmer needs to return to making money as his MAIN GOAL and not being the OPERATOR of one pass and done equipment. The most encouraging aspect of the market for me today is the strong local basis that is export driven on both corn and soybeans. This can be a flash in the pan due to operators being in a holiday mode or not adding to CY25 sales.
Spend some money and find a marketing newsletter that you agree with 2/3's of the time. Use it as a guide, not gospel. Look at both price level and move duration on long term price charts.
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What is driving the soybean market lower?
