Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Oliver Sloup, Blue Line Futures, says it was roller coaster week in both grain and livestock futures due to on again, off again tariff talk. Are calmer waters ahead?
Varilek says black swan events like the Black Sea war that broke in May of 2022 lead to highly volatile markets but in that case the news and uncertainty became priced in over time.
Allison Thompson of The Money Farm says grains markets extended gains for a second day with talk of ag exemptions and then another 30 day extension on tariffs on Mexico and Canada.
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The poultry industry is one of the biggest demand drivers for corn and soybean meal, but HPAI is eating into sales.
Jim McCormick with AgMarket.Net says the grain markets made new lows for the move on fund liquidation and technical selling pressure tied to trade retaliation by Canada, Mexico and China.
Under the direction of Secretary of Agriculture Brooke Rollins, USDA is ready to roll out a number of programs that have been on hold pending review, and she’s pushing Congress to get to work on finishing a new farm bill.
Soybean oil used to produce biofuels in the U.S. declined in December according to the Energy Information Administration.
Shawn Hackett, Hackett Financial Advisors, says the technical selling pressure hit commodity and outside markets and was tied to uncertainty regarding tariffs being placed on Canada and Mexico on March 4 and bearish economic news.
Joe Kooima, Kooima Kooima Varilek, says the grain markets bounced overnight and saw a higher opening but funds used that strength to liquidate or sell more contracts.