November Soybeans

I am watching the deliveries against the November soybean contract. Yesterday Cargill put out large deliveries. Once these work into strong hands (a commercial company), then I expect soybean prices to rally back. Cargill put out a lot of soybean meal against the October contract with the major low in soybean meal coming in on October 5.

Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.