The Market The soy complex continues its trek lower with November soybeans down 34.1 cents (-3.4 percent) thus far this week, December soymeal down $2.70 (.86 percent) but rebounding the last two sessions, and December soyoil losing 2.61 cents (-6.3 percent). Comparing historical carryout and stocks to use with pricing, soybeans should be at a bottom on an inflation adjusted basis. Still, the bottom line is that Midwest weather has been near perfect and more pod growing moisture is on the way. Big crops on average get bigger (a farmer in Georgia hit a new record of 218 bushels/acre) and some think carryout could rise another 7 percent above USDA’s August WASDE number. Prices are already at four-year lows and a higher carryout would e...

TAGS – Soy & Oilseeds, North America