Soybean sell-off continued amid concerns about the broader markets, rising interest rates, the higher US dollar, and the potential for slowing economies. Harvest pace for soybeans is running behind the five-year average. The storm track for Hurricane Ian could threaten crops in that region. The next big headwind for soybean markets will come from Brazil, where decent growing conditions could mean a record harvest early next year. According to Dow Jones and the private firm, Safras and Mercado, 2% of soybeans were planted in Brazil as of Thursday with another week of favorable rains expected.
