Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Jon Scheve with Scheve Grain says USDA punted on corn with the June Acreage Report and now farmers are in limbo until the August certified acres. So what should they do from a marketing standpoint?
Arlan Suderman, chief commodities economist with StoneX, says the additional cut in winter wheat acres was a surprise but there were others as well.
Corn acres hold at 95.3 million — exceeding trade guesses — while USDA reports surprising June 1 corn stocks at 5.29 billion bushels. Get the full breakdown of USDA’s June Acreage and Stocks reports and expert analysis here.
Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
Jerry Gulke, president of the Gulke Group, Gulke thinks the reason the acreage shift could be muted is the uncertainty about decisions this spring.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
With summer patterns running up to four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.