Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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DuWayne Bosse of Bolt Marketing says the bounce in the grain markets was mostly short covering heading into Friday’s WASDE Report. However, the market may not trade the report numbers long before it turns it attention back to weather.
Many early-planted soybeans in the Midwest are in the R2 to R3 growth stages now, ideal treatment timing for most disease issues. Agronomists offer three reminders to help you make the call — plus a fourth tip on herbicide rescue treatments.
Mark Knight with Farmer’s Keeper Financial says corn opened lower but was trying to recover early on short covering, but also following the strength in the wheat market. Soybeans fell further on tariff concerns.
Chuck Shelby with Risk Management Commodities says corn finally saw a light short covering bounce after making new contract lows again early Wednesday in both old and new crop contacts.
Darin Newsom, Senior Market Analyst with Barchart, Inc. says grains continue to see non-commercial selling as the markets are becoming more comfortable about ample supplies. However, one factor not being talked about is demand is starting to fall.
Unlike most leaf diseases, tar spot starts impacting the crop at the bottom of plants. That means fungicides you apply must penetrate and get deep into the crop canopy to provide effective treatment. If you opt to not treat the disease, consider making plans to harvest early and pre-booking some dryer gas.
Frayne Olson, NDSU Extension Crops Economist, says weather and improved crop ratings and benign weather are weighing on the corn and soybean markets. However, tariff uncertainty is also negative for prices.
Arlan Suderman, Chief Commodities Economist with StoneX, says funds sold aggressively and erased almost all of last weeks gains, as they came back from the holiday and saw no threat in the weather forecast.
Brad Kooima, Kooima Kooima Varilek, says cattle futuresare showing resilience early Monday due to better than expected cash trade. However, grains are seeing heavy selling pressure.