Johndeere7920 - 6/24/2024 18:53

If you’re asking me…soybeans will roll with the punches until closer to middle and end of July when pod fill and counts are starting to be announced. I don’t expect china to jump in here with new sales either old or new crop because of the SA yield and monetary exchanges. Its like driving past marathon gas station with diesel at $2.50 to get it at Casey’s for $3 just because you wanted some breakfast pizza. They are probably focusing harder on who wins presidential election because one outcome is good for them trade wise and one is probably going to hurt them. I think oil is probably going to drive the market if we get a run up. Low pod counts from pro farmer tours might peak some traders interest but there’s just not much going for beans right now. Going to take some demand to get the ball rolling and right now we’re starting at the bottom of a pretty steep hill. Beans historically don’t play in the $11 range for very long