The month of June saw soybean prices decline thanks to ongoing trade tensions between the United States and the rest of the world. The weather showed no signs of slowing down crop progress and soybean quality remains higher than the five-year average.
More specifically, soybean prices on the Chicago Board of Trade in the month of June dropped by 16%! Put another way, this was one of the worst months ever, in terms of performance, for soybean prices.
We’re watching a variety of factors that might affect soybean prices: 7 are noise, 3 are bearish, 3 are bullish. Put another way, there is a whole heck of a lot of noise in the soybean market, and now, more than ever, you need to be able to clear the noise.
On a daily basis, this is what we’re doing for our GrainCents readers. Over the course of this past month, we delved deeper into topics in GrainCents such as:
Heading into the second half of the year, buyers and sellers of grain need actionable insight to make sense of ongoing trade tensions, supply and demand factors, and market behavior. We’re going to see a few wild swings in soybean prices as the summer months progress, and you owe it to yourself to stay on top of the markets.
That’s why we’re offering a free three-week trial to GrainCents, our exclusive sales recommendation service that holds a 93% success rate on getting farmers the best price possible.