Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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As herbicide resistance builds, Extension urges farmers to diversify control tactics and use as many tools as possible this season.
Matt Bennett with AgMarket.Net says it was a money flow day as grains were influenced by the selloff in crude oil and the precious metal markets, plus the higher dollar.
Hardware and technology changes can help farmers overcome the “residue hurdle,” achieve more uniform stands and accomplish robust early-season growth in 15" soybeans.
Ag market activity Friday and much of the week was dominated by money flow and spillover from outside markets like the metals, the energies, and the dollar. That’s according to Allison Thompson with The Money Farm.
Joe Kooima of Kooima Kooima Varilek says the cattle markets have gotten caught up in the outside market money flow but are also seeing some caution ahead of the USDA semi-annual cattle inventory report to be released Friday.
Alan Brugler, with A&N Economics Inc., says, “What we’re seeing right now is, I think, intentional — that is, to get a little weaker dollar and, of course, that does help a commodities in general.”
Grain markets were higher overnight and on the opening Thursday making multi-week highs and new highs for the move before failing. Ted Seifried with Zaner Ag Hedge says the asset reallocation in the outside markets spilled over into the ag markets.
A South Dakota farmer plans to use either a high-speed disk or a VT super coulter to ready the seedbed in fields this spring. He asks for help to know which tool to select for the job.
Drift reduction adjuvants help keep products where you want them in the field and deliver measurable yield results.
Alan Brugler with A&E Economics, Inc. says funds buying in the grains Wednesday and early Thursday was tied to money flow. The key to keeping it going is to get through chart resistance.