• Split Market Trade | 11/23/24 Nebraska Soybean Board Weekly Market Roundup

  • Nov 23 2024
  • Length: 13 mins
  • Podcast

Split Market Trade | 11/23/24 Nebraska Soybean Board Weekly Market Roundup

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  • Summary

  • This week's Nebraska Soybean Board Weekly Market Roundup focuses on the continued pressure in the soybean market. Analysts Jeff Peterson of Heartland Farm Partners and David Ericson of Ag Optimus discussed a split market week, with soybeans notably struggling. Factors contributing to the weakness include: Geopolitical Tensions: Escalating global issues are injecting uncertainty into trade flows, including concerns about retaliatory tariffs on U.S. soybeans. Cattle on Feed Report: A bearish report added weight to the agricultural sector overall, highlighting challenges in livestock numbers and market sentiment. Supply-Demand Dynamics: Ample South American production and export competition further pressured soybean prices. The conversation emphasized the need for proactive marketing strategies amidst these evolving challenges.
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