10/13/25 Do our Soybeans have Cooties?

The soybean harvest here was a flash event…with conditions so favorable that it was quickly over soon after it started. 90+^ temps in September can do that. The soybeans dried down too quickly which cost farmers something from reduced moisture. When soybeans hit 13% moisture, next they were 10% as part of the flash. They went into bins quickly with brief traffic at elevators here. Harvest basis was as bad as I remember it the past few years at 75 cents under at our local elevator where we have our condo-storage. That should improve soon with the crop now put away in the bin. The basis should also be helped by the Trump tariff aid ACH. When that money gets into farmers hands, noting that payment timing is important, it should temporarily take the edge off the financial squeeze that soybean farmers are experiencing allowing them to keep the bin doors closed which tightens spot supply. Such improvement may not be long lived without a trade deal where China resumes purchases. Basis will be impacted differently where exports suffer most given low Mississippi river levels and the absence of PNW port export demand. Giving farmers money so they do not…