Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Mike Zuzolo with Global Commodity Analytics says corn and soybeans were supported by strong export inspections and higher energy markets. Wheat fell after the President’s post about Russia and Ukraine agreeing not to target energy and food infrastructure.
The Evansville facility will be Wisconsin’s first large-scale soybean crush plant — processing 80 million bushels annually and lifting CHS’s total crush capacity by more than two-thirds when it opens in 2028.
Warm fall conditions could push back the window for safe, effective anhydrous and manure applications across parts of the Midwest, says Iowa State agronomist.
Joe Kooima of Kooima Kooima Varilek says while last week’s higher weekly closes send a strong signal a bottom is in place in the cattle market, he’s not ready to say funds will be piling back in to buy yet.
Jerry Gulke president of The Gulke Group says it isn’t surprising to see profit taking in the soybeans with the funds holding a near record long position.
Dan Basse, president of Ag Resource Company, says the corn yield figure was very close to the trade guess and largely priced into the market.
Scott Varilek with Kooima Kooima Varilek says the recovery in the cattle market this week feels good but he is watching for several signs to feel confident about sustaining it.
In the September report USDA will use objective field data for the first time this marketing year to determine yield.
Randy Martinson with Martinson Ag says soybeans were back higher on Thursday with more confirmed soybean export business as China bought another 10 million bu. and unknown destinations accounted for 8 million bu.
Vince Boddicker with Farmers Trading Company says the market disregarded flash export sales for corn and soybeans and instead funds took some profits after a sizable rally staged in August and early September and before the WASDE.