Latest Articles

Florida publishes updated row crop BMP manual

Row Crop BMPs

The Florida Department of Agriculture and Consumer Services has released the latest edition of “Best Management Practices for Florida Vegetable and Agronomic Crops.” It is available for download from Fresh from …

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2016 Southern Soybean Varieties

AgVenture MidSouth 38H4R™ Late Group III, Displayed high yield potential on silt loam and mixed soils Resistant to Brown Stem Rot and SCN Strong, inherent spring emergence with large seed …

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Industry News Roundup

New Mississippi Soybean Specialist John Orlowski joined the Mississippi State University Extension Service and Mississippi Agricultural and Forestry Experiment Station July 1 as soybean agronomist. Orlowski, a native of Perth …

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Cash Market & Forward Pricing

The 2014 Arkansas Cash Soybean market lost 12 cents over its last weekend of the market period and opened on the past Monday at an $8.79 statewide average. Price moved higher through the remaining two days of trading and ended the 2014 market period on Wednesday at $9.07, unchanged from the previous Friday closing average. Eight markets were providing old crop quotes when trading ended for the marketing season. High individual daily market quote of the shortened week was $9.22 at Helena on Wednesday. Low daily quote of the week occurred on Monday as Augusta reported a price of $8.63. The Wednesday reported closing prices to end the season ranged from an $8.81 low at Augusta to the high of $9.22 at Helena. The closing range of 41 cents was 13 cents narrower than the previous week.

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Market Commentary

Soybean prices have also rallied on better demand prospects, uncertainty of acres and yields, and short covering by commodity funds. New crop ending stocks are projected at 425 million bushels, down 50 million bushels from last month. However if acres are trimmed 1.0 million and the yield is cut 1.0 bushel to 45.0, ending stocks drop below 300 million bushels. Technically, November soybean futures has resistance at $10.40 and support at $9.80. Just as in corn, market is in a sideways to lower trend for the next few weeks unless some bullish news enters the market. For soybean you need to sell at harvest making some sales may not be a bad idea or buy some put options to establish a price floor.

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