Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Farmers made significant headway in planting progress last week. USDA shows nearly half of the country’s corn crop is planted and 35% of the soybean crop is now in the ground. There are several states setting records.
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According to USDA-NASS, farmers in eight states are currently planting soybeans at the quickest pace farmers have ever seen, including Illinois and Missouri.
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USDA’s weekly Crop Progress Report shows 14% of the nation’s corn crop and 9% of the soybean crop is planted. Farmers in Missouri and Tennessee are planting at a rapid pace, but the upper Midwest is already behind.
Grain and oilseed prices took a tumble the second half of this week. As commodity prices fall, and planting picks up pace, veteran analysts explore the outlook for commodity prices in the months ahead.
When soybean seed sits in the ground for weeks, unable to germinate, the risk for Sudden Death Syndrome to develop trends higher. Yield losses upwards of 80% are documented.
USDA’s latest Crop Progress report shows an open window with weather spurred a jump in corn and soybean planting last week. USDA shows 8% of the nation’s corn crop and 4% of the U.S. soybean crop is now planted.
As the market balances its focus between increased planting progress and the reality of saturated soils and more chances of rain and snow in the northern tier of states, commodity prices could sway planting decisions.