Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Dave Chatterton of Strategic Farm Marketing says USDA provided some positive data for the corn market in the WASDE and could be headed for $5.
Increasing numbers of corn and soybean growers are looking for lower-cost inputs to preserve and protect yields.
USDA’s August report cut corn yields by 2.3 bushels per acre while strong export demand tightened ending stocks, avoiding the bearish surprise traders feared from last year.
Over the next several weeks, growers will be determining how much yield potential remains in their corn and soybean crops impacted by damaging rains and wind storms.
Rich Nelson with Allendale says grains saw selling pressure as there are plenty of questions regarding USDA’s numbers especially after last August’s yield and acreage shock.
After a $100,000 loss and rising weed resistance, Matt Griggs says he knew he had to make some big changes. His tough decisions helped the 144-year-old farm survive and prosper.
Mike Minor with Professional Ag Marketing says grains were under pressure early Tuesday positioning ahead of the August report and with news of Russia and Ukraine meeting to discuss safe passage of vessels in the Black Sea.
The WASDE report coming Wednesday is highly anticipated after last year’s corn yield shock of 188.8 bpa.
Arlan Suderman of StoneX says while the focus of the WASDE report continues to be yields, he thinks there are some underlying factors that are more important.
Brad Kooima of Kooima Kooima Varilek says live cattle failed at the 50% retracement levels, even with higher cash trade. So, what will it take to get through those resistance areas on the futures?