『From Pod to Profit: Your Daily Dose of Soybean Sense』のカバーアート

From Pod to Profit: Your Daily Dose of Soybean Sense

From Pod to Profit: Your Daily Dose of Soybean Sense

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This is your Daily Soybeans Price Tracker with Vanessa Clark podcast.

Welcome back to another episode of Daily Soybeans Price Tracker. I am Vanessa Clark, here to help you stay up to date on all things soybeans, from daily prices to the international forces shaping your favorite commodity.

First, let’s start with what everyone wants to know: today’s soybean prices. According to the USDA’s latest grain market report, as of October sixteenth, the Chicago Board of Trade settled November soybean futures at ten dollars and ten and three quarters cents per bushel. January climbed a little higher at ten twenty-eight and a half per bushel, and March came in at ten forty-three and three quarters. For those selling cash soybeans right now, bids in Mississippi, for instance, averaged around nine eighty-six per bushel, up a nickel from yesterday. That slight boost might give some welcome relief to growers who’ve watched a choppy market over the last week.

So what’s behind these latest numbers? Analysts from ADM Investor Services report that soybeans rose by about seven to nine cents, in part because exporters remain hopeful the U.S. could see renewed demand from China later this season. There’s cautious optimism swirling as both the U.S. and China signal they might be ready to talk trade, and fresh news of potential biodiesel demand here at home is supporting soybean oil prices. Also, with shrinking production estimates and weather concerns during harvest, markets are bracing for less supply, which has added a little upward pressure.

But, let’s not sugarcoat it: there’s a big elephant in the room—that’s China’s buying patterns. Reports from Commodity Insights and AgWeb highlight that China, which is by far the world’s largest soybean buyer, has not booked any U.S. new crop soybeans heading into its peak demand season. Instead, China is turning to Brazil and Argentina, especially after Argentina lowered its export tax on soybeans. That led to a flurry of Argentinian sales in September, with some ten major cargoes snapped up by Chinese companies. While this has kept international soybean prices supported in Brazil and Argentina, it has made for weaker demand for U.S. beans during what would normally be a strong period.

As it stands now, most traders expect China may hold off on big U.S. purchases until at least late December or even January, when supplies from South America start to run thin. That means the next few months could be a waiting game—one where U.S. farmers are likely to hang onto their beans, hoping for better prices if and when China comes back to the table.

So what can you, our daily listeners, take away from today’s snapshot? If you’re marketing soybeans right now, focus on your basis opportunities and stay in touch with your local elevators. While export demand news might be bearish in the short term, there’s the chance for volatility and a possible rally if those export flows shift later in the winter. Consider locking in profitable sales when rallies happen because this market has proven it can swing quickly with every new headline about South American weather or trade negotiations.

Thank you for tuning in to Daily Soybeans Price Tracker with me, Vanessa Clark. If you found today’s breakdown helpful, remember to hit that subscribe button and join me again tomorrow for more soybean news, market insights, and practical tips to help you get the most from your crop. Stay curious, stay connected, and have a fantastic day.

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