Articles tagged under: Soybeans

Take Advantage of Good Basis Levels

Published April 19, 2021

Corn and soybean prices are supported by good demand. Progressive Ag Marketing market analyst Brian Strommen encourages farmers to take advantage of the strong basis levels. "Selling the cash if you have that offer on the table and if you're…

Latest NewsMarkets

Soybeans Try to Keep Pace with the Corn Market

Published April 14, 2021

Martinson Ag Risk Management President Randy Martinson thinks soybeans are trying to keep pace with the corn market. "Even though we've had good export sales, I think the corn market is trying to hold acres and it looks like corn…

Latest NewsMarkets

The Value of Local Soybean Crush

Published April 9, 2021

The AGP crush plant in Aberdeen, South Dakota is showing its value. A combination of strong domestic soybean crush and prevent plant acres has soybean basis at zero in northern South Dakota, unusual for this time of the year. AGP…

Top StoriesLatest NewsAg Business

Smaller Supplies, Steady Demand Strengthens SD Soybean Basis

Published April 9, 2021

Soybean basis at Agtegra in northern South Dakota is at par with the futures contracts for April, May and June delivery. BOLT Marketing market analyst DuWayne Bosse says a combination of prevent plant acres and the AGP crush plant depleted…

Top StoriesLatest NewsMarkets

Basis Bids Steady to Par Across Northern Plains

Published April 9, 2021

Spring wheat basis bid at the six regional grain elevators followed by the Red River Farm Network are mostly steady, ranging from 35 to 65 cents under the May contract. Corn basis levels are mostly unchanged from last week at…

Top StoriesLatest NewsMarkets

Global Grain Supplies Mostly Lower in April USDA Report

Published April 9, 2021

USDA reduced global wheat supplies by a half-million tons in the April Supply and Demand report, mostly on increased feed and residual use for China. World corn ending stocks are forecast at 283.9 million tons, down 1.3 percent from the…

Top StoriesLatest NewsMarkets

U.S. Raises Wheat Ending Stocks, Lowers Corn Ending Stocks

Published April 9, 2021

In the April WASDE report, the USDA raised U.S. wheat ending stocks to 852 million bushels primarily on a 10 million bushel reduction in imports. USDA kept wheat exports unchanged and reduced feed and residual use. USDA lowered U.S. corn…

Top StoriesLatest NewsMarkets

Dry Conditions Weigh on Minds as Planting Begins

Published April 5, 2021

Farmers in the Lignite, North Dakota are slowly starting to seed spring crops. Dakota Agronomy Partners Lignite location manager Katie Woodbury is not expecting much shift in rotation. "In the northwest corner of North Dakota, farmers are growing four to…

Top StoriesLatest NewsCrops

Getting Prevent Plant Acres Back in Production

Published April 2, 2021

The U.S. had 10 million acres of prevent plant last year. NAU Country Insurance Vice President of Farm Services Rich Morrison thinks there’s a good chance most of those acres will get planted in the spring. "USDA added four million…

Latest NewsCrops

A Need for More Acres Brings Struggle to Old Crop Soybeans

Published April 2, 2021

Old crop corn and soybeans struggled on Thursday while the new crop months were firmer. Van Ahn and Company market analyst Kristi Van Ahn is not surprised. "Given the fact we have tight situations domestically and we also have continued…

Latest NewsMarkets