Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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There wasn’t anything to get excited about in regard to USDA’s monthly WASDE and Crop Production reports. Though, that was to be expected, says Jerry Gulke, president of The Gulke Group.
Just in time for Thanksgiving, the U.S. Environmental Protection Agency boosted soybean futures Wednesday by raising 2017 biofuel mandates to record levels.
The farm community is buzzing with farmers’ new-found ability to see what their neighbors pay for the same bag of seed, thanks to new products released by Farmers Business Network and Granular. Many farmers are fueling their seed decisions based on this new information.
South Dakota’s soybean crop expected to be record-size
The Hoosier state has 87 percent of corn and 91 percent of soybeans out of the ground, but this year didn’t come without its weather extremes.
USDA will release its latest supply and demand report Wednesday, and markets are getting ready for adjustment from yield expectations.
Eastern Iowa is well into harvest but some pockets are waiting for fields to dry and high water to go down after torrential rains hit the upper Midwest two weeks ago.
Corn and soybean prices reached their height in 2012 but have since plunged, resulting in a 42 percent drop in farm income.