Arlan Suderman Outlook: US Election & USDA Crop Reports

The USDA’s November crop report can play a pivotal role in shaping late-year market direction for Soybeans. The November 9th report will determine whether soybean prices have hit a seasonal bottom or if prices will slide lower as the trade shifts its focus to the demand side of the balance sheet. November’s report will provide insight into some of the biggest topics facing the market: - The size of this year’s soybean crop, which to this point has continued to get bigger. - USDA’s demand estimates following recent reports of near record large sales and shipments. - Chinese consumption patterns. - The reaction of corn and wheat markets, which are expected to be heavily influenced by developments in the soybean market.