Bull Bear Banter: Soybean Demand and Final MFP Payment
In the midst of U.S. soybean prices continuing to face downward pressure from South America’s harvest and questionable Chinese demand, producers received the third and final round of President Trump’s promised Market Facilitation Program payment. The payment, designed to compensate low U.S. soybean prices as a result of the drawn-out U.S. and China trade issues, is not expected to be duplicated for the crop going in the ground this spring. Producers are encouraged to incorporate the payment in what they would normally receive for their grain and not to consider it as “extra” income.
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