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Soybeans rally on SA weather, export demand, which supports corn and wheat as well as MX biz. Poor chart action in cattle, while hogs bounce but are into resistance. Vince Boddicker, Farmers Trading Company, has more.

Soybeans up on SA wx, export news, bean oil. Corn and wheat try to follow but also see WASDE positioning. Cattle gap lower on open, corrective buying in hogs. Mark Schultz, Northstar Commodity, has more.

Gap lower open in cattle on disappointing steady So. cash trade Friday. Hogs consolidate w/cattle. Soybeans rally on SA weather & China biz, corn tries to follow w/MX biz. Brad Kooima, Kooima Kooima Varilek, has more.

“If we don’t engage well digitally, we’re just another white pickup,” says K.C. Graner, CFS senior vice president.

Soybean futures broke out above technical resistance on Friday. With growing concerns over weather conditions in South America, that strength has carried over to higher prices to start the new week of trade.

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AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing, discusses the big rally in soybeans, meal and corn on Friday and if the markets can continue the trend next week.

The strong close in soybeans reflects concerns about South American weather. If South American production drops 100 million bushels that makes U.S. ending stocks at 220 million bushels look tight, says Jerry Gulke.

North Dakota auction company announces new record-high land sale for cropland in the northeast corner of the state at $17,500 per acre, while in Iowa farmland sales are starting to cool off.