The new Hurricane Nate will likely damage Mid-South soybeans and the market is pricing in a risk premium for this event. U.S. soybean exports remain robust while EU soybean imports are heading the opposite direction. New Potential Hurricane May Do More Damage to Mid-South Soybeans Press reports indicate exporters in the U.S. Gulf are having difficulty loading ships because they need good quality soybeans from the Midwest to blend with poor quality soybeans harvested in the Mid-South. Apparently, the poor quality southern soybeans were a result of the damage done by Hurricanes Harvey and Irma and other storms late in the growing season.Weather-damaged soybeans along the Gulf Coast are nothing new. There was severe damage to soybeans when H...

TAGS – Soy & Oilseeds, Asia, North America