# Current Soybean Price Defies Fundamentals

> DTN analyst Joel Karlin notes USDA's November WASDE shows 480 million bushels of U.S. soybean ending stocks, the highest November carryout since 2006/07, with a 11.7% stocks-to-use ratio. January soybeans were near $10.55 a bushel, more than $1.80 above a year earlier despite bearish fundamentals.

- Date: 2016-11-30 · published 2016-11-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73895-current-soybean-price-defies-fundamentals
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Price strength is coming from fund buying, strong China sales and soybean oil gains on biofuel targets rather than balance sheets, so prices look vulnerable if fund support fades. Buyers should expect volatility as the market reconciles a heavy supply picture with firm demand.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/fundamentally-speaking/blog-post/2016/11/30/current-soybean-price-defies

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