Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Don Roose, U.S. Commodities, says grains had a quiet day as they were also consolidating around strike prices as it was May option expiration.
“Sunlight drives photosynthesis, which drives starch production, which drives yield,” explains Ken Ferrie. If sunlight hits the ground, it’s wasted, so maximizing sunlight capture requires closing rows as quickly as possible.
Darin Newsom, Senior Market Analyst with Barchart, Inc., tries to explain the higher day in the grains, especially soybeans, with the bearish Chinese trade news. So, what drove the rally?
Matt Bennett, AgMarket.Net, says soybeans rallied with the tailwind of more talk of Chinese tensions easing and May closed above key 200-day moving average resistance.
Before the White House’s 90-day pause on higher tariffs for other countries expires on July 9, India is one country rushing to negotiate a trade deal with the U.S.
Results from a new survey reveal that between 25% and 50% of corn and soybean growers adopt the use of cover crops when their trusted adviser has been planting them, as well.
Allison Thompson, The Money Farm, says soybeans are seeing follow through buying on Wednesday with the de-escalation of the China trade war.
Shell Rock, Iowa, farmer Jeff Reints started planting corn on April 8 — the earliest ever on his farm. He got 50% of his corn and soybeans in the ground before 3 inches of rain parked the planters.
Dan Basse, president of Ag Resource Company in Chicago, says corn was pressured by the fast planting pace of 12% nationally and a slightly more open forecast for the next week or so.
The administration created a “top 10 list” that includes the fishing industry, agricultural land deforestation in Brazil that impacts beef and soy production and Mexican avocados produced on illegally deforested lands.