Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Crops in parts of the Corn Belt may have run out of gas with the onset of flash drought. As a result, the crop may be going backward from USDA’s August estimates.
Chip Nellinger, Blue Reef Agri-Marketing, says grains rallied with corn leading the charge on end of month short covering and ahead of a long holiday weekend.
The onset of drought and disease are causing growing concerns about the size of the U.S. corn and soybean crops this year. Analysts caution while the crops may be going backward in terms of yield, it’s possible USDA actually raises its yield estimates in the September report.
Scott Varilek with Kooima Kooima Varilek says live and feeder cattle futures saw end of month profit taking on Thursday and some follow through selling to start Friday.
A yearlong anniversary celebration comes to life just before fall harvest season gets underway with a special, one-of-its-kind piece of classic iron and a quick combine innovation history lesson.
Don Roose, U.S. Commodities, says grain futures all ended slightly higher Thursday with end of month positioning and profit taking.
AGCO’s Fendt brand has added four models of row crop tractors ranging from 426 hp to 550 hp and the first-ever stack fold planter. And both new offerings are jam-packed with PTx precision technologies.
With interest rates and expenses high and commodity prices still low, marketing and social media promotion is necessary to pull every last dollar of revenue out of good conditioned, used machines on the auction circuit.
With $8 cash soybean bids in the Dakotas and Minnesota, and no bids for fall in a few markets, farmers might need to break the norm and store soybeans.
DuWayne Bosse with Bolt Marketing says the grain markets saw selling pressure from a stronger dollar and some liquidation ahead of first notice day on Friday and on end of the month liquidation.