Soybean Meal Commodity Markets, Prices & Futures
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Latest News From Soybean Meal
Markets have turned mixed with wheat up on news Putin wants to rework the export deal, corn pulling back with soybeans. Livestock are mixed. Michelle Rook talks with Kent Beadle of CHS Hedging.
U.S. farmers confronting supply-chain bottlenecks and a surging dollar are losing their competitive edge in the global market for soybeans to their biggest rival: Brazil.
Shawn Conley is mad for soybeans: “It’s a crop with more moving parts than anyone except a farmer realizes, and there are so many nuances to work on that have yet to be explored.”
Janna Fritz, newly named DF Seeds president, speaks to the need for both conventional and specialty seed products that can fuel farmer profitability and also meet consumer wants and needs.
Mostly higher opening, except cattle. Wheat leads on Putin export comments. Michelle Rook gets details from Allison Thompson of The Money Farm.
If the data review justifies any changes, NASS will publish updated planted and harvested acreage estimates.
Argentina’s daily soy trading volume hit its highest level in five and a half years, the country’s Rosario Grain Exchange said, after the government announced a higher foreign exchange rate during September.
Markets mostly higher on Tuesday, except soybeans as Argentina makes currency play. Michelle Rook talks with Ted Seifried of Zaner Ag Hedge.
Livestock are higher with cattle seeing technical buying. Hogs are seeing a short covering bounce in an oversold market. Grains are mixed. Michelle Rook gets details with Brad Kooima of Kooima Kooima Varilek.
A mixed start in the grains Tuesday with early strength in the livestock. Michelle Rook kicks off the week with Tomm Pfitzenmaier of Summit Commodity Brokerage.