East Central SD | Some pipelines might be empty regionally, but CBOT bean spreads are indicating something other. Soybean spreads have weakened roughly 10¢ in the last 4 weeks.
China has inquired, but have not done any new trades vs. the PNW. Loading against existing sales.
IMO spreads are confirming no new business with yields coming off better than expected overall.
 (YSB spreads (full).PNG)
 (SX1 SK2 (full).PNG)
Attachments
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 YSB spreads (full).PNG (39KB - 35 downloads)
SX1 SK2 (full).PNG (48KB - 30 downloads)
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Nice spike in soybeans
