China May Have Bought Beans

It's been a volatile week, with the recent new high placed by soybeans early in the week completely rejected, and the market is now tumbling back to near the 15.00 mark. We also explained why wheat is sharply higher while beans are lower.

Heartland Market Talk

00:00 / 5:31

Today's grain trade found soybeans trading back over $15, as the recent collapse has likely spurred Chinese interest in soybeans. Tomorrow's USDA sales will be watched closely at 8 AM to see if this has occurred. Also, there are concerns building that Putin will not move forward with extending the safe Grain corridor to recent attacks into the country of Russia on some villages from one the claim came from Ukrainian commandos.

Commodities, futures and options trading involves financial risk and should be considered carefully before making any trades. The information contained on this site is taken from sources, which we believe to be reliable, but is not guaranteed by us as to accuracy or completeness and is provided to you for information purposes only.

Sign Me Up!

To subscribe, fill in your name and info below and we'll send you a link to add to your favorite podcast app.