Soybean prices are beginning to climb out of a huge hole.
DTN market analyst Todd Hultman says there are several reasons futures have turned around following a monumental tumble at the beginning of the month.
“We had a lot of bearish things all hitting soybeans at the same time. We dug ourselves a bit of a hole, getting down to almost $8.25 on the November contract. So I think a lot of this has been balancing back from that early bearishness.”
He points to heightened trade concerns and strong crop condition ratings going into July that weighed on the soybean market.
Continue reading Soybean prices slowly recovering from early July plummet at Brownfield Ag News.
