Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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The poultry industry is one of the biggest demand drivers for corn and soybean meal, but HPAI is eating into sales.
Jim McCormick with AgMarket.Net says the grain markets made new lows for the move on fund liquidation and technical selling pressure tied to trade retaliation by Canada, Mexico and China.
Under the direction of Secretary of Agriculture Brooke Rollins, USDA is ready to roll out a number of programs that have been on hold pending review, and she’s pushing Congress to get to work on finishing a new farm bill.
Soybean oil used to produce biofuels in the U.S. declined in December according to the Energy Information Administration.
Shawn Hackett, Hackett Financial Advisors, says the technical selling pressure hit commodity and outside markets and was tied to uncertainty regarding tariffs being placed on Canada and Mexico on March 4 and bearish economic news.
Joe Kooima, Kooima Kooima Varilek, says the grain markets bounced overnight and saw a higher opening but funds used that strength to liquidate or sell more contracts.
Darren Frye, Water Street Solutions, says corn, wheat and hogs reacted negatively to the 25% tariffs being imposed on Canada and Mexico on March 4.
USDA’s first acreage estimate shows farmers could plant more corn acres this year, but fewer soybean and cotton acres.
The updates and new releases span a wide breadth of row crop solutions, including combines, planters, sprayers, tractors, tillage tools and precision technology.