Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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A day after making new highs for the year and hitting the highest levels in three years, the soybean market saw some profit taking and consolidation. Corn and wheat resumed their rally.
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Corn and soybeans saw some early profit taking pressure on Tuesday after running into chart resistance and with better than expected crop ratings.
Soybeans gapped higher Sunday night and made new highs for the move again on Monday says Mark Schultz with Northstar Commodity.
Joe Kooima, Kooima Kooima Varilek says the question is whether or not a bounce in the cattle can hold or if funds will use it to exit more of their long positions.
The federal farm safety net was designed to offset losses. But some farmers and economists argue it has become a profit enhancer, raising questions about land values, competition and the future of agriculture.
Jerry Gulke, president of the Gulke Group, says in a bull market it can be difficult to know whether to hold or sell because it can get volatile and emotional.
Shawn Hackett with Hackett Financial Advisors says wheat has been leading the grains higher and how long the rally can be sustained is dependent on how long the Black Sea export slowdown lasts.