Walking on Thin Ice in the Soybean Market
- Zach Abramson
- 2 days ago
- 3 min read
The Least Trusted Bean Rally
Soybeans are climbing, and hardly anyone believes in it.
Export inspections have been disappointing. Sales are lagging historical benchmarks. The U.S. remains priced above South American supplies. On paper, it’s not the recipe for a sustained rally. And yet here we are.
As Jon said this week, “It’s not the most hated soybean rally. It’s the least trusted soybean rally.” That perfectly captures the tone of this market. It’s not outright bearish sentiment fueling the move. It’s disbelief—and futures climbing anyway.
