Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Mike Minor with Professional Ag Marketing says grains were mostly lower on Friday with profit taking heading into the weekend due to increased volatility and uncertainty regarding the Iran conflict.
Oliver Sloup with Blue Line Futures says funds were in buying on a combination of higher crude oil futures and money flow.
Joe Kooima of Kooima Kooima Varilek says cattle and hogs are struggling Thursday with the set back in the equity markets.
The survey of farmers in 26 states mirrored the projections from USDA’s Ag Outlook Forum in February.
Dave Chatterton with Strategic Farm Marketing says the ongoing Iran war and higher crude oil prices helped drive speculative buying interest in grains.
Beetle capture data reveals pest numbers are rising, with 31% of sampled fields exceeding economic thresholds.
Brady Huck from Empower Ag Trading says, “After the volatility that we’ve seen over the last couple of weeks, sometimes these markets just need to find some stability.
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Trump postpones his China summit, citing ongoing Middle East tensions and the need to remain in Washington, while officials say China is supportive of rescheduling the meeting.
Randy Martinson with Martinson Ag says the limit down day in old crop soybeans was tied to the fear that the meeting between President Trump and President Xi scheduled for China at the end of the month will be delayed due to the war.