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 cattle futures were down early on liquidation ahead of the three day weekend, lack of fed cash news and a rumor of NWS in the U.S.
USDA Undersecretary Luke Lindberg says the big takeaway is establishing a level playing field for U.S. producers and building opportunities from there.
John Heinberg with Total Farm Marketing says soybeans rallied with the surging bean oil market on Thursday on talk of favorable biofuels policy in the Renewable Fuels Standard.
Don Roose with U.S. Commodities says the bearish USDA report news has been largely factored in but corn and soybeans are establishing new lower trading ranges.
A new multi-state monitoring network using unique diagnostic tools is hard at work, identifying herbicide-resistant weed populations faster so farmers can get a leg up on control before the problem gets totally out of hand.
Corn and soybeans try to bounce Wednesday morning. Vince Boddicker with Farmers Trading Company says some of this is short covering or corrective buying as the market was oversold but he’s not sure the bearish USDA news is all digested.
Brian Grete with Commstock Investments says the corn market is still trying to digest the shock of USDA’s January reports. March corn futures came within striking distance of the Aug. 12 low at $4.10.
Brad Kooima with Kooima Kooima Varilek says strong cash has been supportive of the cattle futures and he expects a higher week in the fed market again this week. Grains are still digesting USDA’s bearish reports.
Arlan Suderman, chief commodities economist with StoneX says the move surprised him even though their customer survey’s during the season had yield at 186 bu.
Ken Ferrie gives some practical tips on how you can rely more on facts and less on your gut to reduce management mistakes and achieve better cropping outcomes.