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//Market ReportWhiplash
After being thrown a life raft in the month of January from the index funds wanting to put their money into the commodity complex, the bean market struggled a bit more in February. At the beginning of the month, the front-month contract, March, traded up to $10.80 before losing nearly 60 cents by mid-month.
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//Market ReportA Lifeline
Through the month of January, the soybean market was ‘saved’ by technical momentum, managed fund support, and a turn in South American weather. After breaking to contract lows in December, the market was thrown a lifeline in January after a cut to yield and harvested acres in the monthly USDA WASDE report.
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//Market ReportSoybeans - Status Quo
In the November commentary, we discussed the bean market having found its comfort zone. The market seemed to be comfortable with the projected carryout and had found prices that neither incentivized nor discouraged demand. As we entered the month of December the markets also appeared to be content with the status quo. We had the USDA December supply/demand report, which is commonly uneventful, and this year was no different.
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//Market ReportSoybeans - Comfort Zone
Ending the month of October the bean market seemed to be comfortable with the projected carryout and perceived size of the U.S. bean crop. The SF25 contract dropped to near contract lows to wrap up the month of October. As November began, repeated export sale ‘flash’ announcements helped build optimism about bean demand and the market became less ‘comfortable’.
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//Market ReportSoybeans - Trick or Treat?
Soybean commodity market update from Bailey Elchinger from StoneX Financial. The article provides an overview of the factors impacting the soybean price for Canadian farmers. Starting out the month of October there seemed to be plenty of ‘tricks’ handed to the soybean market. Soybean harvest across the U.S. had already started and was progressing at a rapid pace. It is anticipated that the U.S. is
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//Market ReportThe Soybean Playground
The soybean market has had plenty of ups and downs since the beginning of 2024. It often felt like we were on the swing-set at a playground. We experienced being at the ‘top’ of the swing’s pendulum and the impending swing lo
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