Monday November 23, 2020

  • Short trading week this week with markets closing Wednesday at 2:15pm and not re opening again until Friday morning at 9:30am 
  • Demand for North American soybeans and concerns for the upcoming South American crop remains starting this week off with another move higher in the bean market 
    • Overnight trade saw the January soybean futures hit the $12.00/ bu mark 
  • Soybean funds came in not as long as expected giving speculators even more room to continue their long position before reaching record levels