Nicholson: U.S. soybean futures hold, but basis "sloppy" without China buys
China’s lack of interest in U.S. soybeans is keeping a global oilseed strategist on alert as harvest continues. Stephen Nicholson with Rabobank says soybean futures prices have held up relatively well, but basis levels are getting sloppy. “Particularly in the interior of the United States,” he says. “That’s surprising, given processors need to buy beans,…
