top of page

Geo Politics again. and backward soy

Monday, April 24, 2023 at 4:41:59 p.m. UTC

Top 3 – Things to Watch this week:

1. Global political woes. China has canceled some corn cargos and Russia is again threating to pull out of the grain shipment deal. Seems like a lot of the boy who cried wolf.

2. New crop Soybeans and Canola are all backward markets. Meaning that the front months are higher than the back months.   The market is not paying you to store.

3. Weather front is all about seeding progress now. Western Canada is just getting started. Looks as if conditions are not idea. It has been colder than normal.

This week’s Action Item:

Too early for this but here’s an idea. With the market in a backward situation there can be opportunities to do a basis contract for the spring months.  Essentially the carry is built into the


Sign up Market Flash Text Messages

Market Flash Text Messages is super quick market info in 150 characters or less. 

Only comes out once a week. 

Focus is on things that move the market not prices. 

note:* Market Flash web version is this page. It's designed to keep you thinking.

bottom of page