Insights and Stories on Soybeans

May. 8, 2019 at 7:22 pm CDT

MarketsFarm — The Chicago Board of Trade is carefully watching the prolonged trade drama between the U.S. and China and waiting to see if the two countries will reach an agreement in days to come. “Headlines are leading trade,” remarked Steve Georgy, president of Allendale Inc. at McHenry, Il. “Markets […]

By Marlo Glass – MarketsFarm

May. 2, 2019 at 7:55 pm CDT

MarketsFarm — At this time soybean acres in Canada have been projected to be down this year for a few reasons — not only because of trade issues with China, but also due to back-to-back dry years and declining prices. Statistics Canada’s 2019-20 principal field crop acreage report, released April […]

By Glen Hallick - MarketsFarm

May. 1, 2019 at 4:31 pm CDT

MarketsFarm — Forecasts calling for more precipitation in the U.S. and trade talks with China are having powerful effects on prices at the Chicago Board of Trade this week from where one analyst sits. Steve Georgy of Allendale Inc. in McHenry, Ill. said the forecast has been driving soybean prices […]

By Glen Hallick - MarketsFarm

Apr. 29, 2019 at 3:39 pm CDT

Winnipeg/Beijing | Reuters — An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute. China has already blocked Canadian canola from Richardson International and Viterra, two of Canada’s biggest farm exporters, saying that shipments […]

By Hallie Gu, Rod Nickel

Apr. 17, 2019 at 6:50 pm CDT

MarketsFarm –– The Chicago Board of Trade (CBOT) is currently a bear-market, according to broker Scott Capinegro of Barrington Commodity Brokers. “It’s like the markets are saying ‘Show me something, we’ll take anything,’ but the bears are winning,” he said, noting there has been almost no news to drive the […]

By Glen Hallick - MarketsFarm