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Soybean market on fire

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  • helmsdale
    Senior Member
    • Nov 2014
    • 2127

    #21
    Originally posted by farmaholic View Post
    I would sure like to grow soybeans but don't hear alot of success stories about them outside their tradition growing areas.
    Around here at least, friends dont let friends grow soybeans...

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    • dalek
      Senior Member
      • Oct 2000
      • 1553

      #22
      Aaaaand the inch of snow in the forecast for today turned into 10”. I’m already running out of room to pile snow in some of the driveways I plow

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      • AlbertaFarmer5
        Senior Member
        • Oct 2010
        • 12469

        #23
        Soyoil up 0.72 today that is almost 2.5% in one day.

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        • errolanderson
          Senior Member
          • Jan 2012
          • 3123

          #24
          Unless Trump can pull a rabbit-out-of-his-hat and get China to sign a deal without U.S. tariff concessions, the recent soybean price bounce of-late is just that . . . a bounce. USDA report must produce fresh bullish news on Tuesday to maintain strength. U.S. exports have been slowing.

          Technically, canola looks to move higher near-term, but without soybeans as a backstop, canola cannot go it alone.

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          • beaverdam
            Senior Member
            • Mar 2018
            • 1451

            #25
            I'd be very surprised, if U.S. grown soybeans aren't making their way into China, one way or another, one country or another.
            The ChiComs need them to prevent more HKs from taking place.(actually heard this week, that the ChiComs had to quell a protest that broke out on mainland China, not sure if it was food related though)

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