Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Jerry Gulke, president of the Gulke Group, says the grain markets turned this week, not on trade news, but rather on less talked about factors.
Mark Schultz, Northstar Commodity, says corn and soybeans saw follow through technical buying and short covering heading into a three day holiday but were also trading hopes for a positive trade announcement on China from President Trump.
Scott Varilek of Kooima Kooima Varilek says cattle futures are trading higher building on Wednesday’s big reversal which was initially triggered by trade news but then better than expected cash trade added to the rally. Grains are also higher on hopes of an announced deal with China.
That percentage doesn’t tell the complete story, however. While farmers in the West and southeast Texas have endured weeks of dry conditions that’s not been the case in the central Corn Belt where growing conditions have been excellent.
Oliver Sloup, Blue Line Futures, says it was a combination of short covering and technical buying heading into a long holiday weekend but the announcement of a trade deal with Vietnam also provided a spark.
Allison Thompson withThe Money Farm says some of recovery in corn is a technical bounce off of new contract lows in both old and new crop contracts on Tuesday. She thinks the corn market has also been getting ahead of itself and is too bearish on yield.
John Heinberg, Total Farm Marketing, says corn made new contract lows again as funds continue to sell with no major weather threat to the crop and improved crop ratings. But how low will prices go?
A quick Q&A with CEO Lukas Koch unveils an intriguing new program that hopes to layer disparate ag tech offerings into a systems approach that can drive return-on-investment at the field level.
With product and application costs totaling between $30 and $40 per acre, farmers will be taking a harder look at where they make the investment this season.
Joe Kooima of Kooima Kooima Varilek says live and feeder cattle futures had a gap lower opening this morning on news from USDA of a phased re-opening of the border to Mexican cattle starting July 7.