Market Analysis
Listen in to Illinois Ag Economist Darrell Good’s analysis of today’s reports.
Find the report data and expert analysis of today’s reports.
Tomorrow morning, at 7:30 a.m., USDA will release its monthly WASDE report. Here are some predictions for the market impact.
Market analysts think soybeans will see a price rally before corn, and farmers should have a strategy in place.
Many soybean producers say they get their best yields when they get the crop in the ground early, but that wasn’t the case this year. Pete Meyer of S&P Global says now farmers are seeing those ramifications.
As a new month begins, there’s new things to watch.
U.S. soybean production is projected at a record 3.390 billion bushels, up 375 million from the drought-reduced 2012 crop.
Soybean prices are weak and likely to get even weaker.
The Pro Farmer Crop Tour found some fields with pod counts 20% above last year, and reports a 44.9-bu. national yield, versus USDA’s 44 bu.