Soybeans saw significant losses with profit taking ahead of the weekend. This followed a technical failure and lack of follow-through buying on Thursday, according to Oliver Sloup, Blue Line Futures. He says April option expiration also played a role in the drop in soybean prices as the trade gravitates toward psychological round numbers like $12.
There's a Possibility USDA's Prospective Plantings Report Next Week Produces a Surprise in Corn
The March Ag Economists' Monthly Monitor found nearly 80% of those surveyed say soybeans pencil better than corn this year, but economists still made a slight increase in their corn acreage projections in the latest survey.
What would you tell someone launching their farming career today? A panel of Illinois farmers recently shared some of their successes and setbacks along with a handful of recommendations for young or new farmers.
