Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Arlan Suderman, chief commodities economist with StoneX, says a combination of factors supported the rally in grains, which all scored new highs for the move.
With the farm bill now extended for another year, ARC-CO and PLC support levels for 2025 are now known. A new report from Terrain breaks down the numbers.
Kent Beadle, Paradigm Futures, says grain markets breathed a sigh of relief there are no immediate Chinese tariffs being imposed by the Trump Administration, that sent the U.S. dollar index sharply lower which is also supportive.
Jerry Gulke, president of the Gulke Group, says the strength in corn can pull the soybean markets and maybe even wheat higher for a handful of fundamental reasons.
Tommy Grisafi with Nesvick Trading Group says corn closed above technical resistance of $4.80 despite the uncertainty of South American weather and tariffs under a new administration.
Scott Varilek, Kooima Kooima Varilek, says cattle are down a second day despite more record cash trade. However, the row crop futures are trying to recover on strong China economic news.
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Don Roose, U.S. Commodities says corn saw some fund buying on tight supplies and with help from concerns about Argentina weather. However, soybeans couldn’t follow, pulled down by meal.
Mike Zuzulo, Global Commodity Analytics, says corn and soybeans are watching South American weather with hot dry conditions mainly in Argentina and Southern Brazil but some rain in the weekend forecast.
New data reveals 31 counties in 10 U.S. states, 10 rural municipalities in Quebec and three counties in Manitoba and Ontario reported the pest for the first time from 2020 through 2023.