Corn
A new report details the need for more ag funding to address existing weeds, insects and diseases as well as agronomic problems that have yet to reach U.S. shores.
The U.S. Climate Prediction Center forecasts the weather pattern to persist for the next month or two, which is ideal for soybean reproductive stages, but the transition might impact the tail-end of the region’s growing season.
Mark Schultz with Northstar Commodity says the $10,80 level has been strong support in soybeans and held with the help of more daily export sales.
John Zanker with Farmers Keeper Financial says soybeans could not hold early gains despite more export business and may be eyeing the gap area from Oct. 24.
Randy Martinson with Martinson Ag says early pressure in soybeans came from follow through selling and more confusion on China’s purchase commitments. However, soybeans bounced off of strong technical support at the days lows.
Jon Scheve with Scheve Grain says the soybean market is reading the USTR comments as there is no real deal and actually has been trading that way for a while now.
Jim McCormick with AgMarket.Net says the 125 million bu. cut to U.S. corn ending stocks was bullish as well as global corn carryout.
Brian Grete with Commstock Investments says he was a bit surprised by how aggressive USDA was in raising corn exports to 3.2 billion bu. which is a record.
Alan Brugler with A&N Economics, Inc. says the soybean market continues to be plagued by uncertainty over China’s soybean purchase commitments and a close below $11 projects lower prices.
USDA will deliver $11 billion in one-time bridge payments to help farmers offset 2025 trade disruptions and rising costs. Eligible producers must verify 2025 acreage reports by Dec. 19, with payments expected by Feb. 28, 2026.