Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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The full impact from Hurricane Ida is still unknown. The uncertainty was partially to blame for a major market sell-off Monday with September soybeans closing 54 cents lower and September corn down nearly 18 cents.
A day after USDA showed declining crop conditions for the U.S. soybean crop, September soybean future skyrocketed, closing 43 cents higher on the day. Demand also played a factor in the markets Tuesday.
Crops across much of the state look good heading into the home stretch but still need to be monitored for insects and disease.
Pro Farmer scouts pegged the Indiana average yield estimate at 193.48 bu. per acre on Tuesday, just slightly below USDA’s prediction of 194 bu. per acre.
In an effort to head-off some of the questions about Crop Tour sampling, here’s our answers to a few “Crop Tour FAQs!”
On August 17, Pro Farmer scouts will be walking Illinois corn and soybean fields checking crop conditions and making annual yield projections.
Flooded by freakish summer rains, southeast Arkansas farmers are trying to salvage their crop season after a $250M loss, and waiting on word about disaster designation.
On Aug. 17, scouts will sample fields in Indiana. What will they find in the Hoosier State?
On Aug. 16, scouts will sample fields in Ohio. What will they find in the Buckeye State?
Register for the “View from the Field: A Preview of the 2021 Pro Farmer Crop Tour” webinar which takes place Thursday, July 15 at 3 p.m. central.