Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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The soybean market looked like it was ready to breakout but Sam Hudson with Cornbelt Marketing says they hit chart resistance and saw profit taking.
However, Bryan Doherty with Total Farm Marketing says the corn and soybean markets are at a crossroads in the new crop contracts and need a catalyst to get above resistance.
It can take a few days to assess actual damage results following a frost. Ferrie offers four recommendations on how to do your initial evaluations.
The nation’s corn crop is currently 11% planted, sitting 2 points ahead of the five-year average. Although many Illinois farmers are waiting to plant because of wet conditions, much of the latest national crop progress comes from Illinois and Indiana.
Soybeans and multi-year highs in the soybean oil market led the grain complex higher on Tuesday according to Mike Minor with Professional Ag Marketing.
Soybeans saw early gains Tuesday with help from a rally in both bean oil and soybean meal and that is supporting corn says Hillari Mason with Pro Farmer. However, several other factors were supporting early strength.
Alan Brugler with A&N Economics says corn got some support from higher crude oil and soft red winter wheat plus other demand fundamentals.
Tim Webster and Steve Crothers share their cropping plans, telling Ken Ferrie they hope to bounce back this season from record low rainfall and extreme heat in 2025.
A Farmer’s Keeper survey of 4,000 farmers shows 20% are cutting corn acres as record fertilizer prices and supply gaps force last-minute shifts toward soybeans and other crops to protect profitability.
Illinois grower Stephen Butz is uber-focused this season on removing the hidden barriers that have kept his bean crops from reaching their true potential.