Once harvest is complete, North Dakota farmers are storing soybeans for a better price. Utterback Marketing president Bob Utterback does not like the idea of storing soybeans long term. “This means we’re betting South America will have a weather scare and China will resolve problems with the U.S. quickly. I think in both scenarios, the odds are less than 20 percent. I’d rather dump the inventory and buy it back on a limited risk paper position than in the bin, not priced and waiting for a rally.”
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