Analyst: Don't Aggressively Cash Sell Beans Yet

January 17, 2017 10:00 AM

Last week, USDA released a bullish report and soybean futures climbed.

On U.S. Farm Report, Doug Werling, vice president of trading at Bower Trading, told host Tyne Morgan producers often overestimate soybean supply and underestimate demand. He said this has happened over the last 10 years.

Brad Matthews of Roach Ag Marketing discussed advising producers to protect prices through hedges to give themselves an upside in the market since there’s no concrete number on U.S. soybean acres.

“Put a floor [in], but do not aggressively cash sell beans yet,” said Matthews.

Watch Werling and Matthews’ comments on the WASDE report and how corn will see “much higher prices” in the spring on U.S. Farm Report above.

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Spell Check

David Adcock
Atwood, IL
1/25/2017 09:23 PM

  The Market could go Higher and get 90 million acres of soybeans. Then we could have good weather and prices go way down. Both Annalist or experts if that is what you call them would be correct. Yes both of them could be correct. The market moves higher for one then the market move lower for the other one. Markets usually move and the weather usually changes making many things possible.

nebraska city, NE
1/18/2017 07:45 AM

  but but but, not a week ago there were articles telling me that beans were going to $6. How can that possibly be? I mean, it just can not be possible that two "experts" would be so far off on their evaluation of the markets. Impossible I tell you.


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