Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Bird flu worries began to infect the commodity markets Tuesday after the news spread that an Iowa egg-laying operation would need to destroy millions of hens due to the virus.
Black Sea crops are enjoying near-perfect conditions and Europe is holding its breath for a decision from Russia regarding its export taxes. Odds increasingly favor their removal.
Everything ended the week down hard as traders took a risk-off attitude toward market positions. Part of the reason was the dollar’s rally, which made even French corn competitive for importers.
Corn, beans and wheat all fell, as did lean hogs and feeder cattle, while live cattle eked out some gains.
An academic colloquium at Yale University is not someplace where farmers tend to hang out.
With corn, wheat, and soybean prices all significantly higher than their October lows, Jerry Gulke says farmers should enjoy the market’s Christmas gift--and prepare for a blockbuster USDA report in January.
With the holiday trading season soon to begin, it’s probably time for farmers to sit tight in terms of grain selling until the new year begins.
Don’t wait too long to book fall fertilizer needs, experts say, because good deals won’t last.
The bank cut its estimate for corn to $3.90 a bushel in 2014-2015 from $4.35 in October and for soybeans to $9 a bushel from $10.10.
In March, Wayne County firefighters rescued a man trapped in a grain bin on a farm south of Centerville, thanks in part to Purdue Extension training.