Highlights
It is 6 January. The latest day in January the soybean market started its January sell-off was 12 January. The second latest date was 7 January. Nothing is 100% in this business, but the South American weather over the weekend was not any better than expected and probably worse and the forecast for the next 10 days is definitely no improvement for crops.
However, do not think for one second that South America is going to have anything less than an all-time large soybean crop. If you plan to sell soybeans before the January 35 to 80 cent sell-off, this is the week to be selling. If your merchandiser will let you lift a HTA hedge, consider selling new crop November beans this week or sell them in your own account.
Friday, the 10th, is a big day for USDA grain market news: