is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
Soybeans Rally Against Harvest Pressure

Soybeans Rally Against Harvest Pressure

Soybean markets try to cover the 50-day moving average at the $13 level, but are finding resistance with harvest pressure. (Audio)

The government shutdown and debt argument are still with us, but there is some discussion and a chance for movement on some issues. Soybean meal and oil are both helping pull nearby contracts higher, but the market seems to be finding resistance at the 50-day moving average at $13. Corn harvest is picking up with exceptional weather expected to hold at least into the weekend and prices are giving back a little with the bushels moving into the market. The wheat rally looks to be losing a little steam without any new export data to help hold things together.

Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.

COMBINES, NO PROBLEM: After the morning open soybeans push ahead, but there's some resistance.

Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings extensive experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective through his comments and writing.

Check out a new FREE report that offers an in-depth look at Cover Crops: Best Management Practices. The 32-page report offers an in-depth look at this crop management enhancement.

TAGS: Soybean
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish