With U.S. soybean harvest at 88% complete, Jerry Gulke, president of the Gulke Group, says the market is sizing up the crop and buyers are trying to lock in their needs. “We have two markets for soybeans — the domestic market and the global market,” he says. “The U.S. market is on fire, with the crush margin being terrific.”
How Much Is The Ukraine-Russia Grain Corridor Worth In The Markets? What This Week Revealed
“We found out that the Ukraine-Russia corridor represents about 55¢ in the market,” says Ben Brown, ag economist at the University of Missouri “Prices went up 55¢ when Russia pulled out, and they came back down 53¢ when it looked like Russia was back in."
Does Corn Need To Trade Back To $6.50 Or Move Up To $7.50?
Clearly the market is in a sideways trading pattern and is searching for a reason to move higher or lower, but there are several variables impacting market direction. Jon Scheve explains those four variables.
Farmland Price Record: $27,400 Per Acre in Southeast Nebraska
The nearly 280 acres in southeast Nebraska sold in two tracts on Oct. 27 for a total of $5.5 million. A local farmer bought the farm for corn and soybean production.
