2021 soybean crop developing carrying charge
In the past couple weeks, 2021 soybean crop futures have moved from inverted markets to a small carrying charge. What are the ideas that should be watched as harvest approaches and decisions about sell or store are about to be made?
The 2021 soybean crop market has been at an inverse (deferred futures less than November new crop) for most of the year, however that has disappeared in recent weeks. Is the carry enough to warrant storage to capture the carry? That is an individual decision. The 9-minute recorded presentation linked here reviews this and other ideas for crop marketing as harvest approaches.
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