Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Kevin Duling, KD Investors, says grains closed higher on fund buying and March corn closed above $5 with March Chicago wheat closing above $6.
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Kent Beadle, Paradigm Futures, says grains faded early strength as corn finally gets above $5 on the March or front month contract and sees farmer selling and profit taking.
Garrett Toay, AgTraderTalk, says grains saw technical buying led by wheat and surged to end the week. However, there were also some big fundamental drivers.
Scott Varilek, Kooima Kooima Varilek, says grains are rallying but cattle are seeing some selling pressure again ahead of a three day weekend but are holding chart support.
Rich Nelson of Allendale says grains closed quietly higher with corn and wheat supported by strong weekly exports.
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Mike Minor, Professional Ag Marketing, says the rally in corn was fueled by fund buying especially after inflation data in the CPI ran hot. Pressure in soybeans came from South American hedge pressure.
DuWayne Bosse, Bolt Marketing, says after a lower opening Wednesday corn recovered nicely on fund buying and a fresh export sale.
Brian Grete with Pro Farmers says grains sold off into the close Tuesday disappointed about the lack of changes in the domestic balance sheets in the WASDE.