Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Joe Kooima with Kooima Kooima Varilek says at least initially it looks like the cattle futures had already anticipated the negative report data with the sell off late last week.
Mike Castle of StoneX says corn and soybeans added some war premium on Friday but are trading under recent highs. What could trigger a rally to retest those prices?
Scott Varilek with Kooima Kooima Varilek says the pressure came from fund long liquidation and was continuing on Friday with significant chart damage done.
Commodity markets are waiting for one key answer: Does the U.S. really have a deal with China? With only a $17 billion figure and few details, traders want proof through tariffs, export sales and purchases.
Jon Scheve with Scheve Grain says the grain markets are looking for bullish news and without China purchases soon have the grain markets put highs in?
The company commits to a seven-year ban on restrictive provisions to foster competition in the corn and soybean markets. The settlement highlights a deepening partnership between federal antitrust regulators and agricultural authorities.
Mark Schultz with Northstar Commodity says the market was skeptical about the lack of specifics in the framework before China denied the purchase amounts.
Data shows late-planted corn can “cheat” the clock with GDU acceleration, making the case for holding the line on your original hybrids for now.
Corn and soybeans face pressure from China trade doubts, fast planting and lower crude oil. Meanwhile, rising interest rates signal inflationary fears.
The grain market failed on profit taking as traders want to see more details on China purchases or flash sales says Brian Grete with CommStock Investments.