Tidbits / Market Comment
When it comes to marketing grain and oil seeds, you are living in historic times. Never have we had so many variables, any one of which could send the market sharply higher or lower.
Your market plan needs to include risk management, which requires some mental time and maybe money.
Soybeans have the potential to drop a dollar or more. Now that the 45Z decision has been delayed for as many as 60 days, the upside potential for beans depends on how soon Brazil will have enough beans to meet the world’s export demand. There are plenty of reasons to expect bean prices to firm into late spring or even summer, but only extended rain delay of harvest in Brazil could rally beans now.