『Soybean Slump: Sub-$11 Futures, Sluggish Exports, and Record Brazil Crop Prospects』のカバーアート

Soybean Slump: Sub-$11 Futures, Sluggish Exports, and Record Brazil Crop Prospects

Soybean Slump: Sub-$11 Futures, Sluggish Exports, and Record Brazil Crop Prospects

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

Hey there and welcome back to the Daily Soybeans Price Tracker. I am Vanessa Clark, and together we are going to walk through what is happening in the soybean market today so you can stay on top of prices and trends.

Let us start with the numbers. According to the latest futures data from Ever Ag and Barchart, nearby soybean futures are trading just under eleven dollars per bushel, with the January contract recently around ten dollars and ninety five cents, down about ten to eleven cents on the day and roughly thirty cents lower on the week. Pro Farmer notes that January soybeans even slipped below the eleven dollar mark, hitting about a six week low. Cash soybean prices across the United States are averaging near ten dollars and thirty four cents per bushel.

So what is driving soybeans lower right now. Several market analysts, including Total Farm Marketing and Tridge, point to sluggish export demand, especially from China, as a key reason. Chinese soybean imports in November were down from October, and international market volatility has been keeping pressure on soybean prices. Traders also expect the United States Department of Agriculture to slightly increase domestic soybean ending stocks, which signals more supply than previously thought.

On the other side of the world, crop weather is leaning bearish for prices too. AgRural reports that Brazilian soybean planting is about ninety four percent complete, with prospects for a record crop supported by improving rainfall. More beans from South America mean stronger global supply competition for United States soybeans.

Here are a few quick takeaways you can use. If you are a farmer or merchandiser, this sub eleven dollar futures environment may call for a disciplined marketing plan, using scale up sales or small incremental sales on any short term price rallies. If you are a buyer watching soybean prices for feed or processing, current futures and cash levels may offer opportunities to lock in part of your needs while the market is under pressure, but you might also keep some flexibility in case prices slip further.

That is it for today on the Daily Soybeans Price Tracker with Vanessa Clark. Thanks so much for listening, be sure to subscribe, share this with a friend who follows grain markets, and tune in next time for the latest soybean prices and market insights.

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