AgProfessional Magazine

AgProfessional magazine is a monthly magazine that provides editorial and advertising for agronomic and business management solutions specifically to agricultural retailers/distributors, professional farm managers and crop consultants.

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The latest news and information of specific interest to farm managers, crop consultants, ag retailers and the ag industry professionals serving them is delivered weekly on Monday in this e-newsletter.

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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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Market Commentary

Midday Report 05/20


Continuing tightness of old crop supplies supported nearby soybean futures again Monday morning despite a very modest result on the weekly Export Inspections report. The large cash premium seems likely to continue adding support. Conversely, the deferred contracts may come under increasing pressure if traders decide speedy corn plantings would presage a similar surge in soybeans, since an early finish could translate into large harvest next fall. July soybean futures gained 2.75 cents to $14.5125/bushel around midsession Monday, while July soyoil sank 0.24 cents to 49.28 cents/pound, and July soybean meal climbed $3.2 to $428.3/ton.
Market Info

Soybean stocks up 4 percent

USDA  |   January 12, 2012
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According to the USDA's latest Grain Stocks report, soybeans stored in all positions on December 1, 2011 totaled 2.37 billion bushels, up 4 percent from December 1, 2010. Soybean stocks stored on farms totaled 1.14 billion bushels, up 4 percent from a year ago. Off-farm stocks, at 1.23 billion bushels, are up 3 percent from last December. Indicated disappearance for September - November 2011 totaled 905 million bushels, down 25 percent from the same period a year earlier.


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