Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Chances of rain for parched Southern Plains toward week’s end.
USDA’s grain stocks report released this morning raises the question as to what livestock producers are feeding their animals.
Grain and soy futures markets collapsed today, but analysts think this will turn out to be just one of the down days in continued volatile markets.
Analysts expect USDA to peg the average soybean yield at about 41 bu./acre in the Sept. 12 Crop Production report, but more adjustments might happen.
Corn open interest climbed to another record high as outside money continues to flow into the most solid of grain markets.
Explosive is the best way to describe the corn market this week following Thursday’s March 1st Stocks and Prospective Plantings report.
Even though the May corn contract closed down 13 cents/bu. Friday, the price is still nearly a dollar higher than it was just 10 trading days ago, says Jerry Gulke, president of the Gulke Group.
Bull spreads in the corn market got too wide this week, says Jerry Gulke.