• Sell or Store in this Market | 9/28/24 Nebraska Soybean Board Weekly Market Roundup

  • Sep 28 2024
  • Length: 13 mins
  • Podcast

Sell or Store in this Market | 9/28/24 Nebraska Soybean Board Weekly Market Roundup

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  • Summary

  • The soybean market continues to rise despite lingering uncertainty around yield results. On this week's Nebraska Soybean Board Weekly Market Roundup, Darren Frye with Water Street Advisors and Kyle Bumsted with Allendale break down the latest trade trends. Concerns are growing over Brazil's dry weather and delayed planting, raising questions about short covering in soybeans and the bean carryover. China's stimulus package remains a focal point, influencing Friday's market activity. With harvest in full swing, producers are weighing the decision to sell or store corn and beans. Meanwhile, the cattle market saw another strong performance, with higher cash prices in both the North and South, including a $4 increase in the North. Additionally, cheap corn is providing favorable opportunities for feeders.
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