October 21, 2014

Soybean Commentary

Posted 10/20/14

The soybean market started the week on a bearish note as an open week of harvest pressed the market lower. Volume was down dramatically compared to last week. The outside markets were rather quiet today as both the equity and energy markets traded a tight range. This seemed to slow the inflow on money from those markets to the grain markets. It was the inflow of money exiting those markets and moving into the grain markets that help propel the market higher last week…

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    Allendale Advisory Contributor:

    Jim McCormick

    Jim McCormick

    Jim started with Allendale in 1997 after earning an Agricultural Economics degree from Purdue University. He has been a featured speaker at several of Allendale’s Outlook Conferences.
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