Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
Click here to view today’s soybean prices.
K-State precision agricultural economist says the Gannon Storm that occurred the weekend of May 10, 2024, and led to an assumed $565 million in losses for Midwestern crop producers was not an anomaly.
Brad Kooima, Kooima Kooima Varilek, says cattle are seeing followthrough buying and strength Monday morning as the S&P 500 continues to stabilize and recover after the tariff delays.
The tit-for-tat on tariffs between the U.S. and China continues, with China announcing on Friday a new rate of 125%, which is up from the 84% announced earlier this week. That pushes the tariff on U.S. pork and pork variety meat to 172%. The new soybean tariff is more than 150%.
Arlan Suderman, StoneX Chief Commodities Economist says the markets reacted positively to the 90-day delay on reciprocal tariffs for countries that reached out to negotiate with the U.S. and did not retaliate.
California’s Proposition 12 has devastated family farms, fueled market consolidation and increased food costs. Legislators brought forward The Food Security and Farm Protection Act to protect farmers and consumers from “burdensome government overreach.”
The senior senator from Iowa is renewing a long-standing legislative effort to wrestle back authority on trade deals and tariffs from the executive branch.
Brad Kooima of Kooima Kooima Varilek says live cattle see buying interest after strong cash late last week. Corn tries to hold gains with soybeans seeing South American harvest pressure and concern about China’s 10% tariffs on U.S. soybeans.
Secretary of Agriculture Brooke Rollins confirms those payments will be released before the March 21 current deadline in an exclusive interview with Farm Journal on Thursday morning. She also outlined the timing of the $1 billion just announced to combat avian flu.
Darren Frye, Water Street Solutions, says corn, wheat and hogs reacted negatively to the 25% tariffs being imposed on Canada and Mexico on March 4.
President Trump says tariffs on goods from Canada and Mexico will now take effect on April 2, 2025.
The look at corn and soybean acreage under current conditions will be among the key focal points during the event, but it will also be key to see how USDA paints an export outlook with so much uncertainty surrounding tariffs and trade.
Long-time meterologist Gary Lezak says he can predict with 91% accuracy significant weather events that will occur for the next seven to eight months. Check out three of the predictions his team shares for this spring.
Brad Kooima of Kooima Kooima Varilek says cattle futures recovered nicely from Friday’s selloff with some contracts making new highs for the move, pricing in record cash cattle trade. Grain markets are seeing fund buying with soybeans and meal leading on dry weather forecasts for Argentina.
The CR includes nearly $110 billion in disaster and farmer aid, which includes $10 billion in farmer aid and $21 billion ag disaster aid. $2 billion of that disaster aid is specifically for livestock producers. The measure also includes a one-year extension of the 2018 Farm Bill.
The same week Congress released the proposed CR that included $31 billion in aid for producers, a Farm Journal poll asked farmers for their thoughts on whether Congress should pass economic aid.
The stopgap deal to avoid a government shutdown includes $10 billion in direct payments for farmers, $21 bllion in ag disaster aid, a one-year extension of the 2018 farm bill and year-round E15.
Agricultural groups said over the weekend they do not support year-end spending package sans economic aid for ag producers.
Bryan Doherty, Total Farm Marketing, says corn ended lower on a combination of profit taking and farmer selling after running into chart resistance.
On a harsh winter day in 2018, Robbie Polk chanced upon a dinosaur suspended in ice.
When Wayne Cryts stole his own soybeans from a bankrupt elevator, he triggered the wrath of a government hellbent on his imprisonment.
How Low Will Grain Prices Go?
China’s soybean imports reached a record high in August 2024, reflecting significant growth in the country’s demand for the oilseed, but meat imports declined.
USDA’s Economic Research Service (ERS) will provide an updated 2024 net farm income forecast on Thursday. Economists say the net farm income picture would look even worse it weren’t for improved livestock prices.
Agricultural imports are expected to reach a record $212 billion, up $8 billion from FY 2024. This increase is largely due to rising imports of horticultural products, sugar and tropical products.
U.S. corn prices hit a four-year low as the prospect for record corn and soybean crops takes shape in the field. The eroding outlook also appeared in the August Ag Economists’ Monthly Monitor.
A new Kansas City Fed report shows farm incomes continued to weaken, particularly in crop-heavy states like Kansas, Missouri, and Nebraska, while cattle prices provided some support.
Soybeans Make New Lows....Again and Pull down Corn and Wheat
Grains Trade Weather and China Economic News
Hogs Bounce Off Contract Lows
The latest Ag Economists’ Monthly Monitor, a survey of nearly 70 ag economists from across the U.S., shows the lack of exports, as well as the current crop prices, are eroding outlooks on the crops side. While strong beef demand and cheaper feed prices are creating more optimism in cattle.