Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Don Roose with U.S. Commodities says soybeans ended higher for second day as it looks like the market is trying to carve out a seasonal low.
Looking back, here are the actions that have given the seasoned farmer/commodity analyst the biggest ROI over the years.
Jon Scheve with Scheve Grain says soybeans are seeing follow through buying on Wednesday as more farmers are storing soybeans this fall and waiting for an improvement in basis and/or prices with the possibility of a China trade deal.
Mark Knight, Farmer’s Keeper Financial, says soybeans are back higher early Tuesday on light technical buying but awaiting details of the Trump administration’s farmer aid package.
DuWayne Bosse, with Bolt Marketing says he was surprised at how well the corn market is handling the harvest pressure that is ramping up across the Corn Belt.
The microbial product works as part of an integrated strategy to address SCN, the No. 1 yield-reducing pest problem in soybeans. Farmers routinely see yields cut by 5 bushels or more per acre in affected fields.
Brad Kooima, Kooima Kooima Varilek, says the market is staying intact and absorbing a great deal of bearish news including last week’s lower fed cash trade and lower cutouts.
USDA’s Quarterly Stocks report on Tuesday provided a bearish surprise for the corn market.
Tommy Grisafi with Nesvick Trading says corn and soybeans saw selling late in the session on harvest pressure. However, soybeans had a higher weekly close pushed by President Trump’s renewed ideas of a China deal.
Scott Varilek with Kooima Kooima Varilek says it has been another volatile week in the cattle futures but they are still trading sideways and holding the uptrend lines. Grains are pausing after hitting chart resistance.