09/23/2024 Time Marches On

Above you will find today’s installment of Morning Market Talk. Can Soybeans Actually Breakout? You can click on the picture above to take you to this morning’s episode. https://youtu.be/f5jhTu0Ruuk On the Grains Harvest started rolling in most Midwest areas last week, yet we haven’t seen the harvest pressures on the board just yet. West of the Mississippi, we have plenty of bin space to fill before it get too exciting at the country elevator level but with 80’s and sunshine beans harvest will be in full swing shortly. In my 20 years of the grain business I’ve never seen the variability that is being reported this year. What is making it difficult to call on the yields, they’re so widely variable in such a short geographic area. Sometimes just a mile or two and we have a 30 bushel soybean yield difference. If we’re having that much difficulty it leads me to believe the USDA will basically kick the can down the road till the January report. CBOT futures have found the range they want to trade and just won’t breakout. December corn seems pretty content to hold $4.00 and November soybeans $10.00 although overnight we have found buying interest…