Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Pro Farmer economist Lane Akre says corn and soybeans posted higher weekly closes and should be able to build on that next week with the push from the lower yield and production estimates from the Pro Farmer Crop Tour.
On the heels of Crop Tour, Pro Farmer projects corn yields at 6.1 bu. below USDA’s August estimate, while soybean yield numbers are nearly aligned.
Scott Varilek, Kooima Kooima Varilek, says cattle fundamentals look supportive through fourth quarter, while corn and soybeans are running into chart resistance.
The Minnesota corn crop is going for gold. Pro Farmer Crop Tour scouts expect the crop will reach a record 202.86 bu. average, if it can outpace southern rust and tar spot. Scouts peg the Iowa corn crop at a 198.43 bu. average, but it also faces disease challenges.
Iowa could be the nation’s top state this year for corn and soybeans, but both crops are in a race to beat disease pressure that’s gaining momentum. Illinois corn continues to ride the struggle bus, while the soybean crop there is positioned to deliver high yields.
China, the world’s largest soybean buyer,is turning to Brazilian cargies amid trade tensions with the U.S. and ongoing negotiations.
Pro Farmer Crop Tour scouts take into account the lows and highs found out in the field as they encounter variability.
While some scouts saw a big corn crop in the making in South Dakota, yield and pod counts came in below Pro Farmer Crop Tour numbers from 2020. Results from the eastern route peg corn at 185.69 bu. per acre, beating the tour record of 185 bu. set in 2021.
Marion Calmer is renown for his corn harvesting innovations. The fourth-generation Illinois farmer also has a wealth of practical knowledge about how to take more beans to the bin — and freely shares some of his insights and ideas here.
The Steiger 785 Quadtrac also holds strong value with Connectivity Included, a three-year/2,000-hour warranty and a simplified SCR-only emission system.