The price protection offered by the LDP is gone once it has been claimed or the loan entry period passes. Sales have been avoided while they were in the bottom one-third, but you can only avoid so long. Grain has to be sold sometime, even if prices are still in the bottom one-third of historical price ranges. Large old crop grain supplies still remain on hand. A sizeable amount will be coming out of government loan and onto the market soon.
New crop growing conditions suggest good yields and even greater supplies.
All of this offers little hope for improved prices. The downtrend in prices has lasted for over two years and it will eventually change. Poor weather could still occur in late July and in August. Soybeans are late in many areas and a frost scare may occur in the fall. Either of these weather events could turn prices around.