Soybean market digests acreage report

After high hopes that the market would finally realize how much “additional” soybean acres would be planted for 2021/22, participants were left speechless when USDA said zero additional acres were considered for planting from Mar. 1 to Jun. 1. Shockingly, soybean acreage remained at [...]

Soybean oil prices crash to finish the week

After reaching new highs at 57.47 cents per pound last Wednesday, trading the daily limit up, soybean oil crashed and ended the week on back-to-back limit-down days. The nearby May-21 contract closed at 52.48 cents per pound, the lowest since Mar. 4. Concerns over [...]

Corn acreage shocks the market

In what can only be described as a historical market shocker, the nation’s farmers last week indicated planted corn acres at merely 92 million, per USDA’s Acreage report. Although this reflects an increase of 3 percent over last year’s late-planted crop, it is down [...]