# Soybean Strategy - August 28, 2019

> Iowa Farm Bureau's soybean strategy advises patience on new-crop sales until futures return to the mid-$9 range, suggesting offers near $9.50. It cites low pod counts from crop tours and China shifting purchases from the U.S. to Brazil due to the trade war.

- Date: 2019-08-26 · published 2019-08-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57607-soybean-strategy-august-28-2019
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower-than-average pod counts and China's preference for Brazilian beans together point to a tighter U.S. balance sheet dependent on a late season, supporting prices if the crop disappoints.

## Read by commodity

- SOY: neutral

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/Soybean-Strategy-August-28-2019

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.