Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Jerry Gulke, president of the Gulke Group, says many farmers believe that corn and soybean yields need to be cut but he will be watching the ending stocks for direction.
Darren Frye with Water Street Solutions says the trade guesses are fairly conservative with not many changes expected. However, that is not the history of the January reports. So could there be a surprise?
If you want to plant early this spring, agronomists say to remember that fit soils and good weather are far more important guides to follow than the date on your calendar.
Live and feeder cattle futures were lower early Friday but Scott Varilek of Kooima Kooima Varilek says it didn’t take long for the markets to firm up supported by the cash market.
The January USDA reports have been historically a huge market mover and a great deal of the focus will be on final yields and production.
South Dakota Governor Larry Rhoden announced the $900,000 Future Fund grant for the non-profit bioprocessing facility at South Dakota State University.
Tommy Grisafi with Nesvick Trading says the soybean market faded after hitting chart resistance but also seemed disappointed with the lack of confirmed China export business. The grain complex also saw report positioning.
Prioritizing projects with a clear path to fast returns and lower costs can help you weather current economic challenges, say ag industry experts.
The grain markets were mixed early Thursday squaring ahead of the USDA reports. DuWayne Bosse with Bolt Marketing says that could keep the markets quiet the next few sessions.
Garrett Toay with AgTraderTalk attributes the rally mostly to corrective buying after a $1.40 break from the highs in soybeans. Traders are also short in the wheat market, which just came off of contract lows in SRW futures.