The soybean and corn markets have seen good price recoveries that past week that suggest seasonal price bottoms are in place. However, such does not mean price uptrends are imminent in those markets. Corn and soybeans are now in full U.S. harvest mode, which will have farmers doing heavy selling right off the combines, creating commercial hedge pressure in the futures markets that will likely persist for several weeks. Look for sideways and choppy trading until at least early November. Stay tuned!
Enjoyed studying this, very good stuff, thankyou. “Be not careless in deeds, nor confused in words, nor rambling in thought.” by Marcus Aurelius Antoninus.