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Soybean prices dive sharply lower Wednesday

Jack Scoville, PRICE Futures Group, says that rain in South America is pressuring the markets. “The talk about more rain for Argentina very late next week seems to be the fundamental trigger after the disappointing WASDE reports yesterday. Trade had expected increased demand but got no changes whatsoever in the U.S. data and increased BRZ SBS production in the world data.  I think there is more upside left, but it will have to wait. Even with the selling, we are holding support in corn and...
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Soybean market leads off the week's trading Monday

On Monday, the CME Group’s farm markets lean on the soybean complex for strength. At the close, the May corn futures are 3¢ lower at $5.42½. July corn futures are 2¼¢ lower at $5.31¼. New-crop December corn futures are 4¼¢ lower at $4.77½.    May soybean futures are 9¾¢ higher at $14.39. July soybean futures are 9¼¢ higher at $14.23. New-crop November soybean futures are 6¼¢ higher at $12.53. May wheat futures are 5½¢ lower at $6.47½.  May soymeal futures are $0.30 s...
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Corn, soybean prices move higher Friday

On Friday, the CME Group’s farm markets jump up. At the close, the May corn futures finished 13¢ higher at $5.45. July corn futures settled 11½¢ higher at $5.34. New-crop December corn futures ended 3½¢ higher at $4.38½.    May soybean futures closed 19½¢ higher at $14.30. July soybean futures closed 18¾¢ higher at $14.13¾. New-crop November soybean futures closed 16¾¢ higher at $12.47½. May wheat futures settled 2¢ higher at $6.53.  May soymeal futures ended $1.60 sho...
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