Articles tagged under: Soybeans
Regional Basis Bids Steady Going Into Thanksgiving
Published November 25, 2020
Soybean basis bids at the six regional grain elevators followed by the Red River Farm Network were steady to 15 cents wider compared to one week ago, resulting in nearly unchanged cash prices as futures moved higher. Cash soybean prices…U.S. Soybean Industry Pleased with Phase One Deal
Published November 25, 2020
The phase one trade deal signed earlier this year has been positive for U.S. agriculture. U.S. Soybean Export Council CEO Jim Sutter thinks China will fulfill its phase one obligations. "We'll have to see at the end of the year…U.S. Soybean Export Council Meets with China Soy Importers
Published November 23, 2020
The U.S. Soybean Export Council hosted a meeting last week with Chinese importers including COFCO, Sinograin, ADM, Bunge, CHS and Cargill. USSEC Chair and Valley City, North Dakota farmer Monte Peterson says it was a great way to connect. "There's…Corn and Soybeans Need to Ration Demand
Published November 20, 2020
Northstar Commodity Chief Analyst Mark Schultz says U.S. corn and soybeans still need to ration demand. "Make no mistake, soybeans will need to be rationed. The corn has a lot of interest, because farmers will either feed corn or wheat.…Demand Keeping Prices and Basis Firm in PNW
Published November 20, 2020
Basis levels continue to be firm even as corn and soybeans have a sharp rally. Bennett Consulting President Matt Bennett expects demand from the Pacific Northwest to keep cash corn prices firm. "There will be lots of corn going out…Consider Marketing the New Crop
Published November 20, 2020
Corn and soybean prices are inverted with no carry in the market, offering farmers an incentive to hold grain. Commodity Risk Management Group market analyst Britt O’Connell thinks farmers should be patient with old crop. "If there are issues in…Northern Plains Basis Unchanged from Previous Week
Published November 20, 2020
Basis bids at the six regional grain elevators followed by the Red River Farm Network remain nearly unchanged from last week. Spring wheat basis bids range from 15 to 60 cents under the December futures contract. Corn basis ranges from…Not Many Unpriced Soybeans in Northern Plains
Published November 20, 2020
According to Innovus Agra farm management coach Bret Oelke, there aren’t many unpriced soybeans right now. "I had a conversation with a grain buyer in the last few weeks and they were concerned if there was going to be enough…Profit Isn’t a Bad Thing
Published November 17, 2020
Soybean prices were attractive at harvest time and bushels were sold right off the combine. Since that time, soybean prices have continued to surge leaving many farmers wondering if they sold too soon. Gulke Group President Jerry Gulke says profit…