Corn
Risk off in the outside markets also played a role in the selling pressure according to Lane Akre, economist with Pro Farmer. However, he doesn’t think all the China demand is priced into the soybean market.
Bigger roots, higher populations, and easier in-season access mean fertility programs should look different for these new hybrids.
Live and feeder cattle futures were higher early Monday extending gains after Friday’s higher cash trade says Brad Kooima of Kooima Kooima Varilek.
He thinks cash could be higher again this week.
He thinks cash could be higher again this week.
Brian Grete with CommStock Investments says he thinks the price action on Friday is sending a strong signal about the soybean market direction.
Ken Ferrie explains how to prioritize planter attachments, why digging cross-sections is essential for ground-truthing planter performance, and the hidden risks of excessive closing wheel downforce.
Scott Varilek with Kooima Kooima Varilek says after crashing Thursday on fears of a beef plant strike, cattle are recovering on higher cash.
DuWayne Bosse with Bolt Marketing says the soybean market is still trying to price in the possibility of China buying another 300 million bu. of soybeans this marketing year.
Despite shifting market signals, some economists predict corn will remain the undisputed king of the acreage race.
Randy Martinson with Martinson Ag says, “This is, you know, basically 8 million metric ton or roughly 294 million bushels of added soybean demand that we were not expecting.”
Traders want proof from China of the potential soybean buys according to Joe Vaclavik of Standard Grain.