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Tidbits, Soybean Seasonal, Economy, Broilers & Ethanol 1/9/25

Due to a National Day of Mourning for former President Jimmy Carter, equity and stock option markets will be closed today. Agricultural futures markets will close early at 12:15 pm CDT today and re-open this evening at normal times.

 

Highlights


As you know, we have been encouraging you soybean owners to get your beans sold by 12 January. That recommendation has nothing to do with tomorrow’s USDA world S&D. The soybean sale recommendation is based on the historical fact that when Brazil’s soybean crop is considered “made” by the market, which is usually no later than the middle of January, soybean futures decline sharply. In the past six years, March soybean futures have lost an average of 88¢ in the weeks after the market concluded Brazil’s soybean crop was made. Then the beans market rallies most years into June to early July.   


The latest report from the Foreign Agricultural Service (FAS) of the USDA, plentiful soybean production and crush are anticipated in Argentina this marketing year, but those lofty projections will be impacted by a La Niña weather pattern. 


With nearly 90% of Argentina’s soybean crop planted, crop development is progressing well with 93% of the crop in the ground reported in good or excellent condition, the FAS said. 

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