Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Garrett Toay, AgTraderTalk, says grains saw technical buying led by wheat and surged to end the week. However, there were also some big fundamental drivers.
Scott Varilek, Kooima Kooima Varilek, says grains are rallying but cattle are seeing some selling pressure again ahead of a three day weekend but are holding chart support.
Rich Nelson of Allendale says grains closed quietly higher with corn and wheat supported by strong weekly exports.
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Mike Minor, Professional Ag Marketing, says the rally in corn was fueled by fund buying especially after inflation data in the CPI ran hot. Pressure in soybeans came from South American hedge pressure.
DuWayne Bosse, Bolt Marketing, says after a lower opening Wednesday corn recovered nicely on fund buying and a fresh export sale.
Brian Grete with Pro Farmers says grains sold off into the close Tuesday disappointed about the lack of changes in the domestic balance sheets in the WASDE.
USDA left domestic balance sheets for corn and soybeans unchanged in the February WASDE but did make slight revisions in South American production.
Farmers will need to be able to show farm records, receipts, delivery tickets, and any as-applied maps. Geo-stamp photos will also be required to prove the use of no-till and cover crops.
Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn held its own on Monday and closed higher, squaring ahead of the February WASDE.
Brad Kooima, with Kooima Kooima Varilek, says live and feeder cattle futures have bounced off trendline support, at least so far. Grains are positioning ahead of USDA reports, watching weather and tariff news.
Jerry Gulke, president of the Gulke Group, says grains took a pause Friday in preparation for the February WASDE but is in the critical price discovery process before planting.
Alan Brugler, A&N Economics, says grains pulled back Friday on profit taking after hitting chart resistance and with uncertainty about trade and administrative policies.
Scott Varilek with Kooima Kooima Varilek says cattle futures are trying to recover after the trifecta that tanked the futures Thursday and pulled down cash as well. Grains are lower on profit taking and SA weather.
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Dave Chatterton, Strategic Farm Marketing, says grain markets rebounded late session led by wheat.
Darin Newsom with Barchart says ag markets continue to ride the roller coaster of headlines about tariffs and policy changes being imposed by the Trump Administration. This is driving fund and algorithm trading.
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Brad Kooima, Kooima Kooima Varilek, says cattle futures continue to consolidate off recent record highs in routine profit taking mode. Grains extended gains on hopes for a China deal and the pause on tariffs for Canada and Mexico.
Farmers can benefit from evaluating fields now and making a game plan for complying with the agency’s requirements. One positive is that the herbicide strategy will be implemented over time, instead of on a specific date.
With planting season right around the corner, David Hula and Randy Dowdy challenge farmers to reevaluate the ‘why’ behind their crop production practices and use real information to back up their decisions.
Brad Kooima, Kooima Kooima Varilek, says grain and livestock futures opened mostly lower in response to tariffs imposed on China, Canada and Mexico over the weekend and retaliatory measures from those countries.
Jerry Gulke, president of the Gulke Group, says corn and soybeans posted lower weekly closes, which was the first time in several weeks for corn. So is the bull market in corn over?
Long-time meterologist Gary Lezak says he can predict with 91% accuracy significant weather events that will occur for the next seven to eight months. Check out three of the predictions his team shares for this spring.
Bryan Doherty with Total Farm Marketing says most markets had a negative reaction to to the 25% tariffs on Mexican and Canada starting this weekend and possible retaliation.
Randy Martinson, Martinson Ag, says grain and hog markets opened lower reacting to President Trump announcing Thursday afternoon the U.S. would be moving ahead with 25% tariffs on Mexico and Canada on Feb. 1.
Jeff Hoogendoorn, Professional Ag Marketing, says corn and cattle are major bull markets and there are certain signals he’s looking for to indicate all of the bullish fundamentals are worked into prices.
Kent Beadle, Paradigm Futures, says grains rallied with corn making new highs for the move but wheat also saw double digit gains.
Among the independent field agronomists’ recommendations: Address your No. 1 yield-limiting factor, employ the 5% rule and fix soil pH.
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