Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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President Trump was scheduled to speak at the U.N General Assembly Tuesday morning and there was hope for peace to the wars in Iran and the Black Sea according to Lane Akre, economist with Pro Farmer.
The grains in particular were supported by news of positive meetings over the weekend between Treasury Secretary Scott Bessent and his Chinese counterpart says Arlan Suderman of StoneX.
Joe Kooima of Kooima Kooima Varilek says the report is the kind of trigger needed to change the momentum in the cattle market.
Kess Berg of Advanced Agrilytics says one of the solutions is connecting better with your existing data to identify what’s working well and where simple management changes could boost returns.
As Trump and Xi prepare to meet, economists say China’s soybean purchases have little to do with supply and demand — and everything to do with political favor and easing trade tensions.
Jerry Gulke, president of the Gulke Group says at the same time the latest CFTC Commitment of Traders report showed the large speculator adding to their net long positions in corn and soybeans and have been extending that position since the week of July 6.
Naomi Blohm with Total Farm Marketing says the grain markets saw risk off selling by traders heading into the weekend as U.S. Treasury Secretary Scott Bessent was schedule to meet with his Chinese counterpart to lay the groundwork for the U.S. China Summit.
Scott Varilek with Kooima Kooima Varilek says the market has seen sloppy trade and profit taking with news of the Santa Teresa port opening but it isn’t new news.