Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Raises its corn and soybean yield estimates from last month.
Ahead of the storm, harvest conditions are favorable.
Corn and soybean basis continue to trend above the three-year average.
Pest has been confirmed across soybean production area.
It also anticipates a slight increase in USDA’s bean production peg.
Meanwhile, rain is falling in the Pacific Northwest and will arrive in the northern Plains during the second half of the week, USDA says.
Much larger-than-expected ending stocks of both corn and soybeans will pressure prices lower.
Stocks of the country’s two largest crops—corn and soybeans—are still historically low, but that’s about to change.
Says corn acreage is down due to more competitive soybean prices.