Well, I did it again. I guess if nothing else, I am consistent – even if it is not in a good way. I am nearly 100% successful in marketing at …
A record export pace of new crop soybeans rallied values to 27-month highs. Producers should continue to sell into front month contracts as there is no carry and the market is telling you not to store soybeans. Look to re-own with futures and options, says Brian Hoops.
A hot and dry end to the growing season has lifted values. Additional support has come from record export pace of new crop soybeans. As values approach may weekly resistance and commercials have moved to a negative position, producers should look to add to hedges. The market is telling you not to store soybeans.
Corn prices have been on an epic run. Now, soybeans could soon be catching up.
Biodiesel day is March 18, and agricultural organizations are promoting it as a great day for South Dakotans and farmers to celebrate the rene…
Despite a short-lived price rally in July 2017, global crop prices remain low, capped by large carryovers and strong production. But fertilizer demand has remained strong, with low fertilizer prices offsetting pressure from falling crop values, according to CRU, the London-based market-analyst firm.
Corn closed the week 6 1/2 cents lower. Private exporters reported sales of 195,000 metric tons to an unknown destination and 597,464 metric tons to Mexico.
Following years of rising farmland prices, the 2013-2016 Minnesota median farm real estate sales price market showed a drop from the 2012 peak of $4,917 per acre.
The world can’t seem to get its fill of soybeans.
URBANA, Ill. –- Corn and soybean future prices moved higher after the release Oct. 12 of the U.S. Department of Agriculture’s October World Agricultural Supply and Demand Estimates report. December corn futures closed the week ending Oct. 14 at a three-month high of $3.54 per bushel, while November soybean futures moved up to close at $9.62 per bushel.
According to the most recent release of the U.S. Department of Agriculture crop-conditions report, both the 2016 corn and bean crops across much of the United States appear to be on pace to maintain trend-line yields – and potentially higher. With that, many producers are looking at a situation where they may have more bushels to move at harvest due to storage constraints or not having enough bushels marketed. With prices currently trading south of $3.50 on the board, current cash values may be less than $3. Due to this situation, many farmers are exploring other options than just selling bushels at harvest for cash pricing.
U.S. farmers increased corn planting in 2016 by 7 percent while increasing soybean planting just 1 percent. These changes come after three yea…
A weather event in South America took the soybean market significantly higher in mid-April.