For my more avid readers, you may be coming into this week excited for the soybean supply and demand deep dive I was going to take, and while I hate to break it to the five or six of you, we’re going to go ahead and push that back to next week.
This week I want to touch on something that I’ve found has proven to be frustrating for a lot of farmers and traders out there, especially for those who have looked at some of the fundamental developments in corn and seen some reasonably supportive developments taking place in soybeans and wheat. The recent stretch of rangebound trade and the constant desire seen in these markets to test support almost weekly doesn’t seem to fit when you look at export sales pace, domestic demand growth around the world, and the strength in cash, but at the same time it feels difficult to really push the topside of the range with so many unknowns.
