Get Georgia Soybeans Price Alerts
GrainBrief monitors USDA AMS elevator bids, CFTC managed-money positioning, FAS export sales, and ethanol crush margins to send you a weekly price outlook for Georgia soybeans. Sign up free.
Start Free Trial →Georgia Soybeans Market Overview
A major peanut, cotton, corn, and poultry state — the nation's largest broiler chicken producer.
Soybeans are planted in Georgia from mid-May through mid-June. Unlike corn, soybeans are most weather-sensitive during pod-fill in late July and August. China export demand is the dominant fundamental driver of soybean prices.
Understanding Georgia Soybeans Basis
Georgia corn basis can be positive (above futures) during peak poultry feed demand, reflecting the state's net corn import position. Savannah soybean basis tracks South American export competition.
When and how to use basis in your marketing plan: Georgia soybean producers should watch the USDA FAS weekly export sales report (released every Thursday at 8:30am ET) for real-time signals on Chinese buying activity, which directly impacts local elevator bids within 24–48 hours.
What Drives Georgia Soybeans Prices
- CBOT ZS Futures: The national price benchmark. Local cash prices = futures + basis. Watch nearby and deferred futures spreads (carry structure) to determine whether the market is rewarding or penalizing storage.
- USDA FAS Export Sales: Released every Thursday at 8:30am ET. Strong export commitments — especially to China — typically move futures and local bids within 24 hours.
- CFTC COT Positioning: Large speculative funds (managed money) net position in ZS futures is a 2–4 week leading indicator of price direction. Extreme net-short positions often precede short-covering rallies.
- USDA WASDE Report: Monthly supply/demand revision. Carryout-to-use ratio changes of more than 5% typically move prices $0.10–$0.30/bu within minutes of the noon ET release.
- Weather: Drought stress (NOAA Drought Monitor D2+) during critical growth stages is historically the largest single-day market mover. Georgia producers should track Corn Belt drought coverage weekly May–August.