Soybean Oil Commodity Markets, Prices & Futures
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Latest News From Soybean Markets
Chip Nellinger, Blue Reef Agri-Marketing, says it was a true money flow or “Get Me Out” day Friday. While it caused a short covering rally in grains, he’s not sure it can be sustained.
Commodity and financial markets saw another volatile week. What’s triggering it? Jerry Gulke, president of the Gulke Group points to a couple possible clues.
Grains sharply higher Friday, as livestock, financial markets and many other commodities melt down. It was a money flow or “Get Me Out” day says Chip Nellinger, Blue Reef Agri-Marketing.
House Ag Democrats are facing internal tension and uncertainty as they struggle to formulate a response to the GOP’s farm bill proposal.
According to analysts at FarmDoc, Brazil could increase its crop area by 35%, adding approximately 70 million acres of cropland.
John Heinberg, Total Farm Marketing says USDA is slow playing it because the last two years they’ve ended up having to raise South American production after making cuts and they don’t want to do that again.
Grains end lower after a disappointing WASDE particularly South American numbers. John Heinberg, Total Farm Marketing, says corn and soybeans did technical damage opening the door for more fund selling.
In an effort to prevent domestic cattle from being exposed to Bovine Influenza A Virus (BIAV), 17 states have restricted cattle imports from states where the virus has infected dairy cows.
USDA Secretary Tom Vilsack suggests China’s reduced purchases of American agricultural products, particularly corn and soybeans, may be linked to recent actions taken by the U.S.
The law aims to increase reporting requirements and impose harsher penalties for violations related to foreign ownership of agricultural land.