Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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John Deere is acquiring a drone and aerial imaging company to build out its Operations Center and application tech portfolio. Find out what we learned from executives from both companies.
Scott Varilek, Kooima Kooima Varilek, says ag markets are seeing red with the threat of 50% tariffs on all EU imports.
Many farm organizations say the 68-page document released on Thursday is filled with “fear-based rather than science-based information about pesticides,” positioning that will sow seeds of distrust with the American public.
Naomi Blohm, Total Farm Marketing, says grains markets end mixed with a lack of news and after hitting chart resistance.
Mike Minor, Professional Ag Marketing, says corn and wheat futures have had a nice rally off of extremely low price levels hit last week and oversold conditions. However, the markets hare running into chart resistance.
A chief concern is whether glyphosate will be targeted by the report, which is expected to be unveiled on Thursday. A number of farmers have voiced concerns collectively and individually this week.
Mark Schultz, Northstar Commodity, says the rally in wheat has been driven by weather and money flow but wheat, corn and soybeans are running into chart resistance.
Kent Beadle, Paradigm Futures, says the grain rally is being supported by technical or fund buying, the U.S. lower dollar index and weather.
Bryan Doherty, Total Farm Marketing, says grains extended gains for a second day with wheat seeing the biggest gains. The rally in wheat has been driven by short covering and weather concerns.
A recent congressional hearing addressed how U.S. crop protection companies and researchers use artificial intelligence to help farmers eradicate diseases, boost yields and stay competitive globally.