Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Mark Knight, Farmer’s Keeper Financial, says corn and wheat are under pressure from fast corn planting pace and rains in the forecast for hard red winter wheat country. Soybeans bounced off support, but need to take out technical resistance to keep the momentum going.
The original proposal would have resulted in millions of dollars of fees per vessel, thus lowering commodity prices. The revisions, however, have some key exemptions that are net positive for U.S. agriculture.
A handful of rain-free days were a perfect recipe for spring planting — and farmers took full advantage of the opportunity. This week’s USDA crop progress report puts corn and soybean acres just ahead of last year’s pace.
Vince Boddicker, Farmers Trading Company, says grain and cattle markets saw selling Monday in tandem with the collapse in outside markets.
Brad Kooima, Kooima Kooima Varilek, says grains lose early strength running into chart resistance. While cattle also started higher with the sharply higher cash trade Thursday but faded.
Scott Varilek, Kooima Kooima Varilek, says live and feeder cattle futures closed strong on Thursday and for the week, pushed by cash. While new crop corn and soybeans gained as the market transitions from focusing on demand, to focusing on supply.
On a recent trade mission to Vietnam, South Dakota farmers found out the tariffs being proposed by the Trump administration are a huge concern for exporters.
Randy Martinson, Martinson Ag, says the grains markets started the day session higher with weekly exports strong except for old crop wheat. However, the market turned mixed with positioning ahead of a three day holiday and watching weather.
Maximizing ROI is Brian Scott’s No. 1 goal as he evaluates planting populations on his northwest Indiana farm. In 2024, the sweet spot was 100,000 seeds per acre, which cost $53 per acre in seed and yielded 76 bu. per acre.
Mark Schultz, Northstar Commodity, says several factors combined to cause the commodity wide buying on Wednesday.