Continued hot and dry weather across much of the Midwest has been supportive of soybean futures today.
Meanwhile, market analyst Darin Newsom says he sees “an incredibly bullish situation” developing in the soybean market.
“There’s something brewing out there. Is it reduced production? Most likely. Is it increased demand? That’s still a question market. But for right now we have an incredibly bullish situation, one that continues to grow more so every day,” Newsom says.
