At least one analyst believes $12 soybeans will be here for the holidays.

Paragon Investments ag risk manager Jamey Kohake says the market has a lot of momentum.

“Seasonally this time of year, pre-Thanksgiving (and) the week of Thanksgiving, usually the ag markets are seasonally bullish. But of course, this is 2020 so who knows. But I would say yes, short-term (soybean futures) are going to be trending higher.”

That’s mostly because of a tight carryout and continued fund buying.

…