Soybean futures looking weak

NYSTROM, from pg. 16 imports into the United States will continue to be attractive.

The weather may slow planting, but with today’s equipment it’s too early to be trading late planting. Funds were net sellers this week, but they are still holding a modest net long position. The July and November soybean contracts made fresh lows for the month with a poor ending to the week.

For the week, May soybeans tumbled 17 cents to $14.83.5, July fell 18.25 cents to $14.49, and November declined 16.25 cents to $12.85.25 per bushel. May meal was down $14 at $445.70 and May soyoil was 26 ticks lower at 53.40.

Weekly price changes in May wheat for the week ended April 21: Chicago wheat was 20.75 cents lower at $6.61.75, Kansas City plunged 38 cents to $8.40.75, and Minneapolis crumbled 29.25 cents to $8.47 per bushel.

SRIN is also focused on other research funded by the soy checkoff to drive additional value opportunities to U.S. soybean farms.

According to Cate Newberg, manager of the SRIN program, those research areas can range from offering a soybean planting date guide to research about soil management, pest control and seed selection.

“Soybean farmers know that successful soybean planting is about far more than dropping seeds in the ground and hoping for rain,” Newberg said. “Thanks to farmer-funded research, a number of other factors are coming into focus, including soil health, the use of cover crops, reducing tillage, using biologicals and adding organic matter. Today’s research is showing that great soybean crops have their roots in a holistic approach to managing the crop, starting at and before planting season.”

Research highlighted on the SRIN website (www. soybeanresearchinfo.com) and in the free weekly SRIN email newsletter also is focused on threats to the soybean crop — including pests such as soybean aphids, spider mites, nematodes and whiteflies.

Seed selection is another critical factor for soybean farmers. The SRIN’s research has shown that choosing the right seed can make a significant difference in yield potential. Farmers should consider factors such as disease resistance, maturity, and yield potential when selecting soybean seeds, according to Newberg.

The monthly SRIN newsletter helps soybean farmers stay up-to-date on the latest research in which they invest through the soy checkoff. A subscription to the free newsletter can be requested by visiting https://soybeanresearchinfo.com/check-in-on-checkoff-research.

This article was submitted by the Soybean Research and Information Network.

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