Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Some analysts believe a deal with Beijing will happen this week because of a potential gap in availability of the oilseed that’s likely to occur between the time the U.S. bean harvest ends and the Brazil harvest begins.
Live cattle are sharply lower with limit down moves in feeders under expanded limits on Monday morning. Brad Kooima says now the focus is on the possibility of the U.S. dropping the 50% additional tariffs on beef imports.
Jerry Gulke, president of the Gulke Group, says he hasn’t missed the government data including the October WASDE.
Arlan Suderman says the U.S. is strengthening ties with Argentina to counter China’s growing influence — a global strategy that’s leaving many U.S. farmers and ranchers feeling sidelined.
Scott Varilek with Kooima Kooima Varilek says cattle futures gapped lower on the opening Friday and feeder quickly pushed to limit down status with fear of the U.S. opening the border to Mexican feeder imports.
Soybeans futures hit new highs for the move on Thursday as Greg McBride with Allendale, Inc. says there is growing optimism about a trade deal with China that will include soybean purchases.
Randy Martinson with Martinson Ag says soybeans are hitting new highs for the move with the tailwind of comments from President Trump about getting a trade deal with China next week in South Korea.
University of Minnesota soybean breeders are working to increase oil content in soybeans from around 22% to closer to 30%, a crop with higher oil that could cater to emerging demand.
Grains ended mostly higher on renewed technical buying, while cattle closed with limit down moves in feeder cattle in reaction to President Trump’s social media comments about beef.
Mike Madsen’s corn yields at harvest are 20 to 30 bushels over his actual production history (APH), with even the early maturities exceeding expectations.