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Articles tagged under: soybean

Soybeans Blow Past $15

Published April 22, 2021

During the overnight trade, April soybean futures topped $15 per bushel.  "The fundamentals have kicked in and the lack of soybeans and the hot cash basis is being reflected in the Chicago Board of Trade soybean futures," said Tommy Grisafi,…
Top StoriesLatest NewsMarketsAg Business

Blohm: The Market Needs to Buy More Soybean Acres

Published March 31, 2021

The market needs to buy more soybean acres. That’s the big takeaway from Wednesday's USDA Prospective Plantings report for Total Farm Marketing Senior Market Advisor Naomi Blohm. "Beyond a doubt, this report is bullish. This will lead us beautifully into…
Top StoriesLatest NewsMarkets

CONAB Boosts Corn and Soybean Production in Latest Report

Published March 11, 2021

Brazil’s crop supply agency CONAB released their March production report on Thursday. CONAB raising planted soybean acreage by 200,000 hectares and increased soybean production from 133.8 million metric tons to 135.1 million tonnes. Soybean planted area was raised from 38.2…
Top StoriesLatest NewsCrops

USDA Reaffirms Soybean Shortage Ahead

Published March 9, 2021

March is the fourth month in a row USDA released a soybean carryover number well-below pipeline supplies in the Supply and Demand report. "It's only about half of the typical pipeline supply," said Tim Marsh, analyst, Summit Commodities. "This is…
Top StoriesLatest NewsMarkets

Acreage Decisions Can Still Change Between Now and Spring

Published February 24, 2021

During the USDA’s Ag Outlook Forum, the agency estimated an increase in corn and soybean acres for 2021. Total Farm Marketing Senior Market Advisor Naomi Blohm says a lot can change between now and spring. "Wheat is also an unknown…
Top StoriesLatest NewsMarkets

Grain and Oilseed Outlook Shows Higher Soybean Planted Acres

Published February 19, 2021

According to the USDA's Grain and Oilseed Outlook, U.S. soybean ending stocks at the end of the current marketing year to be at 120 million bushels. The current marketing year ends on August 31. New crop soybean production is based…
Top StoriesLatest NewsCrops

South American Crop Uncertainty Motivates China to Buy U.S.

Published January 29, 2021

Global Commodity Analytics and Consulting President Mike Zuzolo thinks the uncertainty and delay in South America's crop is motivating China to shore up its supply of feed grains. "With the Brazilian crop delayed and the Argentine crop hurt, the Chinese…
Top StoriesLatest NewsMarkets

USDA Lowers U.S. Corn and Soybean Production

Published January 12, 2021

The latest USDA estimate for 2020 corn and soybean production was below last month's report and the average trade guesses. U.S. corn production is at 14.2 billion bushels compared to December’s estimate of 14.5 billion bushels. Corn yield is at…
Top StoriesLatest NewsMarkets

Rains in South America Stabilizing the Crop

Published January 8, 2021

Brazilian ag consultant Kory Melby says recent rains in Brazil stabilized the soybean crop. "In the last three weeks, we received beneficial rains throughout the country. I'm thinking of increasing my crop estimate a little bit. At the end of…
Top StoriesLatest NewsMarkets

Begin Pushing the Pencil for 2021 Crop

Published January 6, 2021

As soybean futures get higher and corn futures reach new levels, AgResource Company President Dan Basse says farmers should begin pushing the pencil for the 2021 crop. "Things are starting to look relatively attractive on margins. I would encourage all…
Latest NewsMarkets
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