USDA Reports
Tomm Pfitzenmaier, Summit Commodity Brokerage, says soybeans are seeing some profit taking after the rally Monday and after running into chart resistance in the July contract around $10.75 Monday night.
Chip Nellinger, co-owner of Blue Reef Agri-Marketing, says soybeans soared on the combination of positive China trade news and the bullish May WASDE.
At least on the surface, USDA’s estimates for both old and new crop corn and soybean ending stocks were below average trade guesses. However, Jim McCormick, AgMarket.Net, says there is some skepticism due to tariff considerations.
Jon Scheve explains how to analyze spreads and use them to increase profitability for farmers.
USDA’s latest crop progress report puts the country at 24% of corn and 18% of soybeans in the ground. Farmers are sharing timely rains and great conditions to start the season.
Jon Scheve discusses the reasons why the corn market didn’t rally with reports of tighter supply.
A handful of rain-free days were a perfect recipe for spring planting — and farmers took full advantage of the opportunity. This week’s USDA crop progress report puts corn and soybean acres just ahead of last year’s pace.
Jon Scheve discusses how often record yields happen in the U.S. and the likelihood it will happen again in 2025.
Scott Varilek, Kooima Kooima Varilek, says live and feeder cattle futures closed strong on Thursday and for the week, pushed by cash. While new crop corn and soybeans gained as the market transitions from focusing on demand, to focusing on supply.