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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 06/19
Soybean prices are higher in mid-morning trading due to weather concerns. Weather forecasts predict less rain later this month. Because the supplies are tight and demand is strong, basis bids are higher. However, USDA staff in Beijing forecast Chinese import next year at 67.5 mmt, less than official USDA forecast at 69mmt. July soybean futures gained 1.75 cents to $15.1250 /bushel versus close on Tuesday, whereas July soyoil advanced 0.19 cents to 49.00 cents/pound; July soybean meal skidded $0.5 to $451.3/ton. November soybean futures increased 7.5 cents to $ 12.9725 per bushel.
Market Info
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