S&W Trading market analyst Andy Shissler is hopefull after seen the new crop demand in Wednesday’s USDA report. “I think we’ll see stronger exports than what’s being reported. I think there will be lots of switching from unknown destinations as we get closer into the fall.” There’s been several recent flash sales of soybeans to unknown destinations or China, but nothing is final until it’s paid for. “It’s been really characteristic when China has an import program the futures rally up against them when they price it. That would start in October, November, December or January,” says Shissler. “We usually see a really strong seasonal price move when China has a program into year-end. All of that stuff has to be paid for and when that happens, that’s usually the big component of price in the market.”
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