Home > News > Weather Damage, China Demand Seen Driving Soybean Prices Near $10

The recent derecho that moved through part of the Midwest, summer-long drought in many locations and an uptick in sales commitments from China have combined to give the soybean market some bullish momentum. Though it’s good news for producers with a bountiful crop in the field, there are factors in the marketplace that could cause the rally to change course quickly, namely the return of fund-buying in the soybean futures pit. Scaling up sales into the rally is a good strategy to consider at a time like this, one analyst says. Get some ideas on how to navigate today’s soybean trade here.

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