I recently saw a YouTube video of people bragging that soybean prices were still pretty solid... How is this guy going bankrupt if soybean prices are still pretty solid? And a bunch of people in the comments were saying the same thing that they were soybean farmers and doing fine.
It looks like prices were about $11.25 at the end of 2024 and are now about $9.50 to $9.75...
Which doesn't seem like a terrible price historically...
This guy's been in the business 40 years... Is he just making excuses? Or are we really hurting due to China not buying our soybeans? Not sure what to believe...