Soybean News

The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Kent Beadle with Paradigm Futures says soybeans built on Friday’s bullish reversal with talk China is looking for more U.S. soybeans. Cattle had a volatile session with a bearish Cattle on Feed Report and sorting through import restrictions on Mexican cattle due to New World Screwworm.
Brad Kooima, Kooima Kooima Varilek, says cattle futures shook off the bearish Cattle on Feed Report numbers with an announcement of New World Screwworm detected in Mexico. Soybeans built on the key reversal Friday on talk of China buying U.S. soybeans.
Tomm Pfitzenmaier with Summit Commodity Brokerage says farmers need to use the strong basis levels, especially on corn, to make some cash sales. However, there are options they can use to take advantage of a rally later on.
Nine-year-old social media sensation @justajacksonthing will create content for John Deere’s social media channels to bring awareness to the people working tirelessly in agriculture.
Scott Varilek of Kooima Kooima Varilek says cattle futures are being led by the feeders and the cash market which is on fire out in the country. Grains are sliding early despite solid export business.
DuWayne Bosse of Bolt Marketing says corn and wheat held risk premium tied to the escalating conflict in the Black Sea and despite a higher dollar.
Tomm Pfitzenmaier with Summit Commodity Brokerage says grains are facing the headwind of returning strength in the U.S. dollar index and the lack of weather threats. Soybean oil losses are additionally pulling down soybeans.
Matt Bennett, AgMarket.Net, says wheat was up for a third day continuing to see short covering by managed money traders and adding war premium. However, corn could not follow with soybeans as an anchor.
Darin Newsom, Senior Market Analyst with Barchart, says wheat is higher for a third day seeing short covering and adding risk premium with tension escalating in the Black Sea and threats by Russia to use nuclear weapons.
Ted Seifried, Zaner Ag Hedge, says wheat led the rally in the grains initially on a weaker dollar and adding geopolitical premium.
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