Owen Taylor: Midsouth Cotton, 6-11: Agfax Midsouth Cotton: Wind, plant bugs and thrips move into the field. (Read More) Virginia Cotton, 5-27: Summertime Conditions. (Read More) Keith Good Farm Policy, 5-27: Food Security; Doha Trade Talks and The Farm Bill; Ag Production Costs. (Read More) National Weekly Rice Summary, 5-26: USDA (Read More) Keith Good Farm Policy, 5-23: Farm Bill Debate Wraps Up (Read More) Gerloff On Cotton, 5-23: Grain and cotton prices fell; planting progressed (Read More) Closing Rice, 5-23: Remains in the bottom half of $4 trading range (Read More) Closing Cotton, 5-23: Market pushed lower fueled by poor export report and planting progress (Read More) Closing Grain, 5-23: Wheat price vulnerable; corn little change. European Union may remove 10% set aside restriction on farmers. (Read More) Closing Soybean, 5-23: Closed higher; favorable weather contributed to bean acres moving to corn. (Read More) Keith Good Farm Policy, 5-22: Finger pointing over Bush's Farm Bill Veto heats up (Read More) Closing Rice, 5-22: Early highs disappeared into declines (Read More) Closing Cotton, 5-22: Market continues to seesaws highs and lows (Read More) Closing Grain, 5-22: Wheat follows drop in crude. (Read More) Closing Soybean, 5-22: No boost today even with strong export and crush reports. (Read More) Mississippi: Multi-Year Drought May be Over, 5-22: From dry to soggy weather in a few months. (Read More) Owen Taylor: Southern Grain, 5-22: AgFax Southern Grain: Too Wet in Southeast Midsouth; Too Dry in Texas (Read More) Keith Good Farm Policy, 5-22: Finger pointing over Bush's Farm Bill Veto heats up (Read More) Virginia Cotton, 5-21: Finally, First True Leaf Appears (Read More) Closing Rice, 5-21: Rice posted solid gains. Market appears to be stabilizing. (Read More) Closing Cotton, 5-21: Cotton turned a bit higher, but little excitement. (Read More) Closing Grain, 5-21: Corn flirting with strong support due to high oil price, weak dollar and weather delays. (Read More) Closing Soybean, 5-21: Soybeans posted sharp gains thanks to $130 per barrel oil, weak dollar. (Read More) Keith Good Farm Policy, 5-21: "Analysis From Brussels" and "What is the CAP Health Check?" by Roger Waite, editor of AGRA FACTS (Read More) Owen Taylor: Midsouth Cotton, 5-20: Agfax Midsouth Cotton: Heavy rains threw yet another monkey wrench into planting progress (Read More) Owen Taylor: Midsouth/Texas Rice, 5-21: Agfax: Midsouth/Texas: We continue to hear about additional acres going into rice, and doublecropped in Texas. (Read More) Weekly Outlook, 5-19: Hog Prices: Do you believe in miracles? (Read More) Closing Rice, 5-20: Solid gains posted; market appears to be stabilizing. U.S. plantings likely higher than March intentions. (Read More) Closing Cotton, 5-20: Supply situation bearish. 10 million bales of ending stocks with planting approaching 9 million acres. (Read More) Closing Grain, 5-20: Wheat missed magic $8; corn closed in recovery. Record wheat harvest expected. Australia looks at 3rd year drought. (Read More) Closing Soybean, 5-20: Soybeans mostly higher. USDA reports only 27 percent of the soybean crop in the ground. The 5 year average is 47 percent. (Read More) Keith Good Farm Policy, 5-20: Farm Bill Cost Still Concern; Food Prices; CAP; Doha; Crop Progress (Read More) Closing Rice, 5-19: Rice rebounded from early losses to close mixed. Market appears to be stabilizing. (Read More) Closing Cotton, 5-19: Cotton closed well above day’s lows. Overall supply situation is bearish. (Read More) Closing Grain, 5-19: Wheat futures sharply lower. Dry conditions reported in Australia where farmers trying to recover from two crop failure years in row. (Read More) Closing Soybean, 5-19: (Read More) Mississippi: Guinea Pig Bandwagon 5-19: Dulaney brothers bump up bottom line with experiment and innovation on 4th generation farm (Read More) Specialists Speaking, 5-19: Louisiana - Fungicide; Mississippi - Variety; Texas - Tankmix; California - Seedlings; Arkansas - Flood and Disease; Missouri - Irrigation (Read More) National Weekly Rice Summary, 5-19: USDA (Read More) National Weekly Cotton Summary, 5-16: USDA (Read More) Gerloff On Cotton, 5-17: If anything, prices are higher than one might expect (Read More) Virginia Cotton, 5-19: Cotton planting is ongoing, and time to spray the fields that are up. (Read More) Keith Good Farm Policy, 5-19: "Analysis From Washington"- By Dan Morgan- Farm Bill Review. (Read More) Owen Taylor: Weekly AgUpdates, 5-19: Agfax AgUdates: This week's compilation of Extension bulletins and newsletters from http://agfax.com (Read More) Owen Taylor: California Cotton, 5-19: Agfax San Joaquin Valley Cotton: A few worm treatments went out while a huge crop of almonds could make for a lot of mites this year. (Read More) Owen Taylor: Southeast Cotton, 5-19: Agfax Southeast Cotton: Adequate moisture expected and moderate temperatures should help keep the ball rolling. (Read More) Owen Taylor: PeanutFax, 5-19: Agfax Peanut Report: Southeast growers caught moisture in late April and started planting at a fast pace. (Read More) Closing Rice, 5-16: Rice got a strong bounce, but market gave back a portion and closed near the bottom. (Read More) Closing Cotton, 5-16: Cotton was energized today (Read More) Closing Grain, 5-16: Wheat futures higher following soybeans, but the trend is still down. (Read More) Closing Soybean, 5-16: Soybeans ended with good gains; corn closed lower. (Read More) Texas: Weekly Rice Progress Report, 5-16: High prices affect the planted acreage totals. (Read More) Tennessee: Economics of Late Planting, 5-16: B. Goodman looks at the numbers involved in making a replant decision. (Read More) Tennessee: Soybean Replant Decisions, 5-16: Two Field Methods guide replant decisions (Read More) Keith Good Farm Policy, 5-16: Farm Bill 81-15, Food Prices (Read More) Extension provides ‘ballpark’ haying expenses figures: Number crunching tells the story of increased fuel prices. (Read More) North Carolina:: Wheat head scab alert (Read More) Mississippi Farmweek On the Air: Farmweek, a half hour weekly series, has been on the air for 31 years. (Read More) Closing Rice, 5-15: Lower today; USDA put ’08 U.S. production at just 197 million cwt; virtually unchanged from 07. (Read More) Closing Cotton, 5-15: Cotton ended unchanged. Weekly export sales within trade expectations but too low to meet USDA’s annual estimates. (Read More) Closing Soybean, 5-15: Soybeans ended lower. But futures are well above USDA’s average price projection (Read More) Closing Grain, 5-15: A move up in wheat futures is more than likely just a corrective bounce. (Read More) Owen Taylor: Southern Grain, 5-15: AgFax Southern Grain: Midsouth sees too much rain; Southeast too little. Stinkbugs are showing up. (Read More) Keith Good Farm Policy, 5-15: House 318-106, House Passes Farm Bill Conference Agreement (Read More) Closing Rice, 5-14: Rice gapped lower today but still remains strong. (Read More) Closing Cotton, 5-14: Cotton was lower again today as overall fundamentals remain negative. (Read More) Closing Grain, 5-14: Wheat future lower across the board. (Read More) Closing Soybean, 5-14: Today’s high close could bring resistance. (Read More) Texas Agriculture Production Sets Record, 5-14: Higher crop and livestock prices topped out ag production at $21.8 billion (Read More) Texas Crop and Weather, 5-14: Drought in one area while rain pours down on another (Read More) Owen Taylor: Midsouth Cotton, 5-14: Agfax Midsouth Cotton: Tornadoes, more rain and river levee seepage continue to delay planting. (Read More) Owen Taylor: Midsouth/Texas Rice, 5-14: Agfax: Midsouth/Texas: Tornadoes, too much rain and is water seeding an option to get rice planted? (Read More) Keith Good Farm Policy, 5-14: Farm Bill Conference Report Vote (Read More) The Trickiest Call: Cotton Farming, May 2008 (Read More) Closing Rice, 5-13: Rice followed corn and wheat lower The overall fundamental picture remains tight. (Read More) Closing Cotton, 5-13: Cotton hanging low. Last week’s supply demand report limits upside potential, even with smaller crop. (Read More) Closing Soybean, 5-13: Today’s higher close could bring resistance. (Read More) Closing Grain, 5-13: Wheat future lower across the board. (Read More) Keith Good Farm Policy, 5-13: Farm Bill; Crop Progress/Production; Doha (Read More) Virginia cotton growers trying to wrap up planting: Thrips turning up in traps. (Read More) Crop supply and demand: still lots of questions: (Read More) Texas sweet onion harvest soured, 5-13: Big harvest on top of too much old crop still in storage (Read More) National Weekly Rice Summary, 5-12: from USDA (Read More) Closing Rice, 5-12: Values improved later in the day. Little room for crop problems with World production estimates at 432 million metric tones. (Read More) Closing Cotton, 5-12: Heavy carryover stocks pressure price. But projected 6 million bale drop in world stocks in 08-09 is light in the tunnel. (Read More) Closing Grain, 5-12: Wheat stocks are low this year, but expectation of current bumper crop is keeping lid on the market. (Read More) Closing Soybean, 5-12: Soybeans stalled below April 15 high of $13.15 ½ .Slow corn planting puts pressure on soybean seed. (Read More) Keith Good Farm Policy, 5-12: Farm Bill Focus; WASDE Analysis; Food Prices (Read More) Owen Taylor: Weekly AgUpdates, 5-12: Agfax AgUdates: This week's compilation of Extension bulletins and newsletters from http://agfax.com (Read More) Owen Taylor: California Cotton, 5-12: Agfax San Joaquin Valley Cotton: Pests are showing up but not yet treatable. Temperature still delaying factor. (Read More) Owen Taylor: Southern Grain, 5-12: AgFax Southern Grain: Corn planting delays pushed soybean planting, but seed supplies tight. (Read More) Keith Good Farm Policy, 5-11: A bullish commodity market moves food prices up, and may have dire consequences for import-dependent nations. (Read More) Peanut planting starts in Southeast with lower moisture and higher seed costs: Still better moisture conditions than this time in 2007. (Read More) Mississippi: Cotton holds promise, just on fewer acres: Higher prices promise good profits for 2008. (Read More) Gerloff On Cotton, 5-12: After latest USDA report, exports remain the key. (Read More) National Weekly Cotton Summary, 5-9: Planting well under way but severe weather kept things interesting in the South. (Read More) Tennessee: Is it too late to plant corn? 5-9: Is grain sorghum an option? (Read More) USDA: Tennessee Has Largest Wheat Crop since 1982: Tennessee farmers seeded 620,000 acres last fall, up 47 percent from the previous year. But hay stocks are short. (Read More) Rice: FDA Approves Heart, Cancer Health Claim for Brown Rice, 5-8: Consumers will be able to easily identify brown rice as a food to increase whole grain consumption. (Read More) Owen Taylor: Midsouth Cotton, 5-7: AgFax Midsouth Cotton: How much is the crop running behind? We hear 2 weeks or more in some locations. (Read More) Owen Taylor: Midsouth/Texas Rice, 5-7: Agfax: Midsouth/Texas: There’s no telling how much rice would have been planted this spring if everyone had gotten about half as many showers as they did. (Read More) Keith Good Farm Policy, 5-8: Agreement on Farm Bill- Details Expected Today; Biofuels Hearing (Senate); Doha (Read More) National Weekly Rice Summary, 5-5: USDA (Read More) Virginia Cotton 5-5: Favorable Weather Forecast. (Read More) Owen Taylor: Weekly AgUpdates, 5-5: Agfax AgUdates: This week's compilation of Extension bulletins and newsletters from http://agfax.com (Read More) Owen Taylor: California Cotton, 5-5: Agfax San Joaquin Valley Cotton: Cooler conditions in April slowed plant development in much of the San Joaquin Valley. (Read More) Owen Taylor: Southern Grain, 5-5: AgFax Southern Grain: Georgia and Louisiana early wheat ready for mid-May harvest. Corn up and growing in most locations. Soybean planters wide open where weather allows. (Read More) Owen Taylor: Midsouth/Texas Rice, 4-30: Ricefax Report: Midsouth growers scramble to plant rice and other crops, especially in Arkansas and the upper Delta where thunderstorms delayed field work and seeding. (Read More) Arkansas Cotton Planting Forecast, May 1-5: Marginal to Good (Read More) Mississippi: Soybean rust battle takes look at kudzu, 5-1: (Read More) Highest Flood Recorded on Lower Mississippi River Since 1973, 5-1: (Read More) Kentucky: Shortage of Proline fungicide prompts crisis exemption for Folicur on wheat, 5-1: (Read More) Arkansas late-planted corn: Coping in a year when you're behind schedule. (Read More) Plants Text Message Farmers When Thirsty: SmartCrop system based on USDA research in Texas. (Read More) Virginia cotton planting looks favorable: Seeds will go into warm, moist soils - mostly in May. (Read More) Arkansas farmers should brace for flood of insects: High water and planting delays complicate pest prospects for 2008. (Read More) Future soybean rust funding in doubt: Dollars for 2009 may be last. (Read More) Chilli thrips a new potential pest in Midsouth cotton: Louisiana entomologists on the lookout. (Read More)

Soybean Commentary

May 23, 2008

From Arkansas Farm Bureau Daily Commodity Report

Soybeans reversed yesterday’s losses and closed higher with November again testing resistance at $13.65.

• Another spurt of buying from China, as Argentina remains uncertain supplier, helped boost the U.S. market. A favorable weather pattern has also contributed to some bean acres moving to corn.

• November will need to close above $13.65 to extend this upturn. Current trendline support is approaching $13. December corn continues to trade just above trendline support near $6.20, with resistance at the contract high of $6.55.