Markets Now: Surplus Supplies Gives End User To Be Picky

May 18, 2018 10:26 AM
 
 

In the wake of the announcement of possible tariffs being placed on U.S. soybeans headed into China, soybeans from South America have been passing through the ports with relative ease.

Soybeans, and other products, have been facing increased scrutiny. Typically, soybeans exports from the U.S. slow down into the summer months as a fresh supply is coming from South America.

“It’s nothing new,” said Jarod Creed, founder of JC Marketing. “China’s played these games.”

Not knowing what the outcome of the trade disputes between the U.S. and China, Garrett Toay, risk management consultant with AgTraderTalk, thinks $9.50 per bushel soybeans are more likely than $10.50 per bushel soybeans, but it won’t last long.

“Meal is going to be the driver, but it’s not a bean issue at this point,” he said.

Hear their full discussion on China and how the value of the Argentinian Peso on Markets Now on U.S. Farm Report above.

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close