Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Randy Martinson with Martinson Ag says grains started lower Wednesday on the government shutdown but soybeans reversed higher after President Trump’s social media post on China.
Company leaders say the separation will unleash two distinct market leaders that are both farmer-centric, with technology and innovation at their core.
Dan Basse, Ag Resource Company, says corn stocks were 207 million bu. above USDA’s projected ending stocks which was bearish for the market. Soybeans also made new lows for the move despite a slightly friendly report.
While the Trump administration weighs an economic bailout for farmers that would use tariff income, groups like ASA continue to press for better market opportunities and a trade deal with China, in particular.
At the Reints farm in northeast Iowa, corn yields have been running higher than last year, but a lot of yield potential was left in the field due to disease, specifically a rare strain of southern rust.
Mike Minor with Professional Ag Marketing says soybeans saw hedge pressure with a dry open weekend for harvest across the Midwest but corn also hit chart resistance.
Brad Kooima of Kooima Kooima Varilek says live and feeder cattle futures are higher early Monday. The cash feeder market has continued to move higher, so will it be able to lead the cattle futures back to new highs?
Matt Bennett with AgMarket.Net says he was surprised soybeans held the $10 level with all of the bearish demand news the market had to digest including China buying Argentina soybeans.
By making the move, the manufacturer avoids the 50% steel and aluminum tariff in place between the U.S. and Canada. LEXION 8000 combines will now be made at Claas facilities in either Harsewinkel or Bad Saulgau.
John Heinberg with Total Farm Marketing says grain markets rallied on Thursday as Argentina’s government announced it would be renewing its export tax.