United States: Producers are still waiting to sell despite good soybean prices in Chicago, says analyst
Soybean
United States
Published Feb 4, 2023
Tridge summary
The international analyst of the grain market, Federico Morixe, explained to Valor Agro that producers are currently aware of the good prices marked on the wheels of Chicago, however they are encouraged to sell but without the same confidence as before as a result of a bad experience due to drought.
Original content
The international analyst of the grain market, Federico Morixe, explained to Valor Agro that producers are currently aware of the good prices marked on the wheels of Chicago, however they are encouraged to sell but without the same confidence as before as a result of a Bad experience due to drought. "The prices are good enough to start selling, but the crops are not, so they prefer to advance in the harvest, comply with the commitments and then they will gain confidence to go out and sell," he said. In this sense, he said that the producer is being quite cautious, which helps a lot in commercial management, and that even though he loses in price, "he prefers to take more care of the production system", mainly due to the very dry climate, if Well, now that there is more rain, they are also afraid that damaged grain will start to come out, the specialist pointed out. He recalled that until October there had been a large planting by all the countries of South America and with ...
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