Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
Click here to view today’s soybean prices.
Scott Varilek, Kooima Kooima Varilek, says cattle saw some early profit taking pressure after contract and record highs again Thursday. However, the cattle futures have been resilient and every break seems to get bought, which is a good sign of a bull market.
Randy Martinson, Martinson Ag, says grains markets all closed higher on Thursday as they were oversold and due for a corrective bounce.
A crop-protection startup is using AI and machine learning to identify and develop new active ingredients it says will help farmers solve issues like weed resistance faster and more economically.
Sam Hudson with Corn Belt Marketing says corn made contract lows again Wednesday as funds continue to sell on record yield estimates from private firms. However, the pressure is about more than just yield.
Greg McBride with Allendale, Inc. says soybeans and wheat saw early strength on Wednesday but the markets have struggled to hold gains with corn making new contract lows again.
Mark Hanna plays defense and offense with a winning strategy
John Heinberg of Total Farm Marketing says funds sold across the grain complex pushing corn to new contract lows again. Corn saw pressure from historically high crop ratings and record yield estimates.
Brady Huck with Advance Trading, Inc. says corn continues to grind into new contract lows with a strong crop rating of 73% good to excellent on Monday and StoneX’s record 188.1 bushel yield forecast.
Sponsored
Flooding at harvest hurts corn and soybean yields. Learn how variety selection, seed treatments and field management help protect crops until waters recede.
Tommy Grisafi with Nesvick Trading Company says soybeans and meal both saw a short covering bounce after a long string of lower days, while corn made more contract lows.