Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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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.
Darren Frye, Water Street Solutions, says corn, wheat and hogs reacted negatively to the 25% tariffs being imposed on Canada and Mexico on March 4.
USDA’s first acreage estimate shows farmers could plant more corn acres this year, but fewer soybean and cotton acres.
The updates and new releases span a wide breadth of row crop solutions, including combines, planters, sprayers, tractors, tillage tools and precision technology.
Secretary of Agriculture Brooke Rollins confirms those payments will be released before the March 21 current deadline in an exclusive interview with Farm Journal on Thursday morning. She also outlined the timing of the $1 billion just announced to combat avian flu.
Allison Thompson with The Money Farm, says corn and wheat are reacting negatively to the breaking news that 25% tariffs will not be delayed and will go into effect on March 4 on Canada and Mexico and larger acreage estimates from USDA.
President Trump says tariffs on goods from Canada and Mexico will now take effect on April 2, 2025.
Mark Schultz, Northstar Commodity, says grains saw pressure on the continued on again off again new regarding tariffs.
Craig Turner with StoneX says corn tries to hold early gains after bouncing off chart support Tuesday but may struggle with soybeans and wheat falling on tariff fears and liquidation ahead of first notice day.