Soybean Prices Continue Slide

Soybean Prices Continue Slide

Soybean meal prices are limit down for the third consecutive day as the old crop market continues lower and cool weather pressures new crop prices. (Audio)

End users of soybeans are beginning to slow purchases as they wait for cheaper new crop beans to hit the market and fill needs this fall. Cooler temperatures in the Midwest have traders believing the large crop projected by USDA has a better chance of coming to market this fall. The spring wheat tour in the Dakotas is coming in with yields above the 5-year average, but concerns about Russia’s crop and strong basis in the Plains are supporting wheat prices.

Farm Futures Market Analyst Paul Burgener talks with Pam Jahnke at the Wisconsin Farm Report. Listen to their conversation using the audio player on this page.

SOY SLIPS: End users slow purchases and prices slump.

Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings a lot of experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective in future articles on the Web and in print too.

Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin.  Known as the "Fabulous Farm Babe" Pam studied broadcast journalism and broad area agriculture at the University of Wisconsin - River Falls. After college, Pam moved into her chosen field, doing farm broadcasting, radio and television, from Green Bay to Eau Claire, WI - and she's never looked back.  Pam often says she feels like farm broadcasting and communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.

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