FUND LIQUIDATION PUSHES SOYBEANS SHARPLY LOWER

Sep 21, 2023

Soybeans were sharply lower on fund and technical selling. Harvest is moving forward and while there are minor delays and some yield concerns, it is early in the process. The USDA is already projecting a very tight supply, so any cuts to yield would have an impact on demand projections, with the next set of estimates out October 12th. Export demand has picked up a little steam, but the overall pace remains behind what’s needed to meet USDA projections. Last week’s big buyers were China and Japan. China’s General Administration of Customs says August soybean imports from Brazil were 9.09 million tons, a jump of 45% on the year and nearly all of the monthly total. Soybean meal and oil were lower, also seeing fund liquidation. Domestic crush margins remain bullish.

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Video: Agriculture Secretary Rollins Speaks at American Farm Bureau Federation Convention in Anaheim

One of the highlights at the 2026 American Farm Bureau Federation Convention in Anaheim, California, was an address by U.S. Secretary of Agriculture Brooke Rollins. During her remarks, she thanked America’s farmers and ranchers and said the Trump Administration is fully aware that food security is national security.

She also acknowledged the challenging times in Farm Country with low commodity prices and high input costs and said that’s why the President stepped in to help with the recent Bridge Assistance Program.

Montana Farm Bureau Federation Executive Vice President Scott Kulbeck says that Farm Bureau members are appreciative of the help and looks forward to working with the American Farm Bureau Federation and its presence in Washington, DC to keep farmers and ranchers in business.

Secretary Rollins said the Trump Administration is also committed to helping ranchers build back America’s cattle herd while also providing more high-quality U.S. beef at the meat case for consumers.

And she also announced more assistance for specialty crop producers who only received a fraction of the $12 billion Farmer Bridge Assistance (FBA).

It’s important to note that producers who qualify for Farmer Bridge Assistance can expect the Farm Service Agency to start issuing payments in late February. For more information, farmers and ranchers are encouraged to contact their local USDA Service Center.