Non-GMO soybean price premiums for spot and Q1 continue to trade near $1.25 over convential. Elevators and farmers with storage appear to have placed most of their bounty in storage, waiting for premiums to rise. The hope that there will eventually be an end to the US Chinese trade dispute is keeping farmers bullish. 

The President was jawboning the market on Friday, saying that additional tariffs might not be needed in 2019. If you needed to buy forward contracts such as Q2 or…