Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Controversial ballot measure passes with margin of 2,528 votes out of nearly 1 million cast.
Commodities experts say Russia didn’t buy much wheat, corn, or soybeans anyway.
Soybean futures rose the most in nine weeks on concern that dry weather forecast into August will curtail yields in the U.S., the world’s biggest grower. Corn rose, while wheat fell.
Soybeans dropped for a second day in Chicago, heading for a third monthly loss, on speculation that rain forecast for the U.S. Midwest will help improve yields after concern about recent dryness bolstered prices.
With this year looking like the perfect recipe for high yields, the downward pressure on prices is strong, says market expert Jerry Gulke.
Corn planted area for all purposes in 2014 is estimated at 91.6 million acres, while soybean planted area for 2014 is estimated at a record high 84.8 million acres.
New limits announced for grain and oilseed futures beginning May 1.
A surge of cold air is expected to trail the front.
Brian Grete and Julianne Johnston discuss trends coming out of USDA reports.