Soybeans Surge to Six-Month Highs

Soybeans Surge to Six-Month Highs

Palm oil prices reach one-year highs on fears that farm soyoil stocks will fall short in the months ahead. (audio)

With the upcoming USDA Acreage Report looming, market-makers are readjusting their positions. With planting intentions from the Farm Futures report at 95.1 million acres for corn, there's a fight for acres ahead. And it appears that oilseed acres are in demand based on the latest numbers.

In this morning's audio report, Arlan Suderman returns after a break to discuss key issues with John Jenkinsen, The Ag Network. Listen to their conversation using the audio link on this page.

REPLACING SOY: Worries over U.S. soy production pushed palm oil prices higher. Palm oil is considered a quick replacement product to traders.

Arlan Suderman is Market Analyst for Farm Futures magazine and FarmFutures.com. He has served on the staff of Farm Progress Cos. since May 2000, providing market analysis and commentary for its family of 18 state and regional publications. His Afternoon Recap provides market analysis on this site each afternoon that the grain trade is open. Suderman also provides real-time market commentary via Twitter at twitter.com/ArlanFF101. Suderman brings a wealth of hands-on experience to the table after completing his Certified Crop Advisor status in 1997 while serving in the Kansas Extension Service.

John Jenkinson is Senior Farm Broadcaster for "The Ag Network." John grew up on an irrigated and dryland grain farm in Southwest Kansas.  With an early passion for agriculture, he was active in the FFA,4-H, and went to college to pursue agriculture.  In 1997, someone mentioned that he should look into farm broadcasting as a career, and that began a new chapter in his life and he eventually became a board member of the National Association of Farm Broadcasting.  The stations that John has worked at are legendary farm radio stations with deep agribusiness roots, KFEQ, KSIR, WIBW, KXXX, KMZU, and KBUF.  In April of 2008, John started "The Ag Network" with 3 affiliates in Colorado, and then added stations in Kansas and Oklahoma.  Today, "The Ag Network" is still growing, and John is hosting two live farm talk shows, as well providing 12 farm programs a day for affiliates. He also produces a daily farm television program for a statewide network in Kansas.

 

TAGS: USDA
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