Soybean funds are big in U.S. markets, but not in places like South America. Jarod Creed of Gavilon says the U.S. needs to be cognizant that South American farmers have been reluctant to sell.
He told Market Rally Radio guest host Ted Seifried of Zaner Ag Hedge the North American farmer has been “much more aggressive” selling beans in comparison to the South American farmer.
According to Creed, U.S. farmers need to “recognize” South American farmers are seeing near record prices for this time of year.
“It’s important for producers understand the [makeup of the market] so we can set our expectations for what’s to come in the future,” said Seifried.
Listen to Creed and Seifried discuss U.S. soybean funds on Market Rally above.