Simplified daily outlook is soybeans tend to rally when China is buying and tend to have down days when not.  Did you know that China’s Lunar New Year is Jan 22-23, twenty days sooner than last year?  This lessens import calendar buying time, and after a rough 10% festival domestic hog slaughter, China shall come out the other side anticipating access to cheaper South American supply.

Western Canada soy basis levels tend to be juiced now.  Doubtful this persists later winter when South America is more active.  Some elevators in sparser production areas may have allotted capacity for a soy train now, but not later.   Most completed soy harvest in October.  Many risk-reasons to sell some physical.  Please reach out for more detail.