Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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The look at corn and soybean acreage under current conditions will be among the key focal points during the event, but it will also be key to see how USDA paints an export outlook with so much uncertainty surrounding tariffs and trade.
Vince Boddicker with Farmers Trading Company says grains saw pressure early Tuesday on tariff fears and fund positioning end of month but ended well off of lows.
Darin Newsom, Senior Market Analyst with Barchart, says grains are seeing follow through technical selling pressure with tariff fears ramping up.
Naomi Blohm, Total Farm Marketing says a combination of factors pressured grain markets, including end of month positioning, weather and tariff concerns.
Time is running out for USDA to issue economic relief payments to farmers in the 90-day window set by Congress. According to some sources, producers are banking on the payments, even making business decisions based on projected payment calculations.
Brad Kooima, Kooima Kooima Varilek, says grains are weak on more tariff talk. Cattle opened strong with the slightly friendly numbers in the Cattle on Feed Reported Report and a possible cash bottom forming.
Scott Varilek, Kooima Kooima Varilek, says corn and soybeans fell heading into the weekend on profit taking and technical selling, plus lower crude oil and a higher dollar.
About 45% of U.S. corn production acres and 36% of the soybean ground are dry. The western Corn Belt needs moisture, in particular. A big, wet snowstorm could help, says Eric Snodgrass.
Mark Schultz, Northstar Commodity, says corn and soybeans are lower on profit taking after a higher day yesterday.
Chip Nellinger, Blue Reef Agri-Marketing, says soybeans and products led the rally and recovery on talk of a China deal by President Trump and a lower dollar. That spilled over to support corn.