Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Rich Nelson of Allendale says grains started lower and are quietly mixed awaiting tariff news and the big USDA reports at the end of the month. Allendale’s annual acreage survey confirms higher corn acres at the expense of soybeans.
Dan Basse, Ag Resource Company, says the February highs may be the highs for the year in corn and soybeans with the headwinds he sees ahead.
Everything from possible tariffs...to ongoing dryness are factoring into planting decisions right now in the Northwestern Corn Belt.
Mike Zuzulo, Global Commodity Analytics, says wheat led the price rally and pulled up corn as traders were putting in weather premium and funds covered short positions. Feeder cattle made all-time highs.
Many farmers keep a record of their planting intentions by field in a notebook or on a USB drive. Automation can make both of those practices obsolete and improve corn and soybean seed placement accuracy in the process, the companies report.
Joe Kooima of Kooima Kooima Varilek says cattle and hogs both saw gap higher openings and are seeing triple digit gains with help from the cash. Corn is higher following wheat, while soybeans lag.
Entering Year Two of its development, Sentera’s newly named SmartScripts weed management workflow scouts for weeds and only sends the sprayer where it’s needed.
Don Roose, U.S. Commodities says corn and wheat end lower with soybeans higher Friday evening up positions ahead of the weekend.
These upgrade kits can lower your chemical spend and increase sustainability and soil health for years to come.
Scott Varilek, Kooima Kooima Varilek, says cattle are awaiting cash direction with producers and feedlots holding out for higher money. Grains are mixed after a higher close on Thursday.