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//Market ReportTurning of the Tide?
Following the price decline in December, the soybean market seemed to find some footing through the flip of the calendar. New reports that China was beginning to auction off state reserves – this would make room for China’s new soybean purchases from the U.S. and in the market’s eyes ‘new demand.’ Using the quotations is intentional because as we know, the USDA had already plugged in China demand into the balance sheet. And with their nonexistent purchases in the first half of the marketing year
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//Market ReportBuy the Rumour, Sell the Fact
Last month’s comments started out talking about a significant gap on the January bean chart that occurred at the end of October and set the market up for a rally throughout the month of November. That rally was largely due to the belief that China would be buying ‘significant’ amounts of U.S. soybeans. This belief was fueled by numerous meetings and ‘anno
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//Up, Down, Up and Away
Gap and Go. For the last two months I have written largely about a soybean market that has worked really hard to go ‘nowhere’. Soon after writing the commentary for October the market finally decided to go ‘somewhere’. That somewhere has largely been higher. The market today is nearly 85 cents off of its lows from late October, but it hasn’t been a direct path higher, having seen a few days of setbacks in between. At the end of October details of a reported trade deal between the U.S. and China
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//Market ReportPreparing for take-off
When writing the September 2025 comments, the SX25 contract was trading at roughly $10.43, which is nearly exactly where it was trading when we wrote the August commentary as well. Well, when I began writing the October comments the SX25 was trading at, you guessed it – roughly $10.43.
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//Market ReportA Sitting Duck
If one were to compare the price of the SX25 contract in the middle of August to the price it is in the middle of September, you would not assume much has happened in the market. In fact, there was quite a bit of news thrown at the market and a bit of volatility as well. As I like to say, “the market worked really hard to not go anywhere” which makes it appear like it is sitting still. A calm duck above the water.
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//Market ReportThe Price Puzzle
The USDA June WASDE report came and went, with no changes. Old crop and new crop demand were left the same – with the USDA likely waiting to make any further changes following the coveted Stocks & Acres report at the end of the month. As it sits now, planted acres are estimated at 83.5 million vs. 87.1 million last marketing year.
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