Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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In-field and classroom sessions will address making changes to your crop rotation, tillage systems or nutrient placement; managing early-planted soybeans; evaluating below-ground issues that impact corn yields; and more.
The National Drought Mitigation Center estimates 67% of corn and 60% of soybeans are still considered to be in drought, a slight improvement from last week when drought covered 70% of corn and 63% of soybeans.
The USDA reports provided a bullish surprise for soybeans with acreage down 4 million from the March intentions. Corn acreage was bearish coming in more than 2 million higher than March. Where did the shifts occur?
USDA released a few big surprises in the June acreage report, including a spike in corn acres and a large reduction in soybean acres. The agency also forecasts grain stocks below trade expectations.
The pest is showing up in early-season soybeans. Current numbers don’t necessarily warrant treatment. Because the pests can double in population in only a few days, scouting is the only way to stay on top of them.
The Ag Economists’ Monthly Monitor is a new survey of nearly 50 economists. Most ag economists agree the next 12 months could produce more financial pressure for agriculture, but their views vary depending on commodity.
Despite weekend rains sweeping the northern Corn Belt, corn and soybean conditions sit at the second-lowest level in history. Sizable declines hit key areas of the Corn Belt as corn enters a critical time for production.
Nematodes are frequently discussed in soybeans with the soybean cyst nematode. However, nematodes pose an equally damaging threat of yield loss to corn fields as well.
Drought is deepening across the Midwest with 64% of the corn crop and 57% of the soybean crop across the U.S. now covered in drought, a sizable jump in just a week after NASS showed a historic drop in condition ratings.
November soybeans shot up $1 in just two days. The December corn contract skyrocketed 50 cents during the time. Drought and dryness concerns are fueling the grain markets, is it only weather impacting prices?