Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Soybeans close higher for a third session still putting in weather premium. Cattle and hogs also saw strength with end of month and quarter positioning.
U.S. corn prices hit a four-year low as the prospect for record corn and soybean crops takes shape in the field. The eroding outlook also appeared in the August Ag Economists’ Monthly Monitor.
Corn sees short covering as well with lower crop ratings by 2% and Mexico buying around 5 million bushels of new crop U.S. corn.
Soybeans and products were all higher on Monday, while corn continued to see technical selling and long liquidation ahead of first notice day on Friday.
Cattle shook off a bearish a Cattle on Feed placements number, while hogs consolidated. John Payne with Advance Trading, discusses where the markets head next.
Cattle getting some help from ideas the cash market may be close to a bottom. Grains continue to digest Pro Farmer Crop Tour results and weather.
Pro Farmer confirms record soybean crop and bumper corn crop. What does that mean for the harvest and post-harvest outlook for the market?
As harvest approaches in the Midwest, yield potential is definitely top of mind. Please share how your corn and soybean crops look this year versus 2023.
Pro Farmer Crop Tour wrapped up Thursday night, and to summarize the week, scouts found record yields in portions of the Eastern Corn Belt, but a more variable crop in the West.
Pro Farmer Lowers Corn Yield and Production From USDA’s August Estimate, But Raises Soybean Yield and Production to Record Levels.
On the heels of Crop Tour, Pro Farmer projects corn production below and soybean production above USDA estimates. Here’s the yield breakdown for seven Midwest states.
Newsom looks at when corn and soybeans normally put in a harvest low and if that changes when there are predictions for bumper crops.
The fourth and final day of the 32nd Pro Farmer Crop Tour wrapped up on Thursday, Aug. 22, with numbers from Minnesota and eastern Iowa samples combined for full Iowa results.
A Harris administration would likely continue the “climate-smart” initiatives in the Inflation Reduction Act, but a second Trump administration would put the future of sustainable aviation fuel in question and extend the use of liquid fuels.
The Illinois corn crop didn’t quite meet USDA’s expectations of 225 bu./acre, but it hit 204.14 bu. At the same time, Iowa’s soybean crop is putting out big numbers.
Chip Nellinger, Blue Reef Agri-Marketing, says time is running out on old crop sales.
The corn yield estimate in Indiana is nearly 7 bu. per acre above the 2023 tour estimate; the soybean estimate is up 7.56%. Nebraska’s corn yield estimate is just over 6 bu. per acre higher than last year, and the soybean estimate is up 1.07%.
Corn yield estimates in South Dakota are less than 1 bu. per acre lower than 2023 tour estimates while soybean pod counts are up. Ohio’s corn yield estimates are slightly lower than last year and soybean pod counts came in 1.84% lower.
Gradable has more than 20,000 farmers users totaling 12 million acres and has facilitated more than $30 million in financial incentives for sustainable/regenerative practices every year.
Markets will look for confirmation of record yields from the tour for direction.
Wheat sees a short covering bounce, while cattle fall with fund liquidation and lower cash.
As scouts set off for the 2024 Pro Farmer Crop Tour Monday morning, market watchers say there a few key things they’ll need to see out of next week’s tour. From ear counts to stands to kernel size, here are the biggest metrics to watch during tour.
The latest WASDE report from the USDA forecasts record-breaking yields in five of the states Pro Farmer Crop Tour will tour —Indiana, Illinois, Iowa, Nebraska and South Dakota. Illinois could see an amazing average corn yield of 225 bu. per acre.
Farmer Selling of Old Crop Corn Pushes September Into New Contract Lows
Soybeans Make New Lows But Can They Find Support at $9.50 on November?
Bears are trading the idea that big crops, get bigger. Meanwhile, cattle rebound on lower corn.
A new Kansas City Fed report shows farm incomes continued to weaken, particularly in crop-heavy states like Kansas, Missouri, and Nebraska, while cattle prices provided some support.
Cattle Rebound But Will the Funds Use This Strength to Liquidate Long Positions?
And How Low Do Soybeans Have to Go To Price in a 560 Million Bushel Carryout?
USDA Raises Yield and Harvest Acres on Soybeans, Resulting in Ending Stocks 125 Million Bushels Higher Than July.