Soybeans– Temperatures will be higher in the near-term but looking ahead to next week they shift back to normal in the Midwest. The soybean growing areas still needing to finish up planting stretch from parts of Kansas, across Missouri, and into Illinois. The Ohio River Valley and Eastern Corn belt area has been dealing with wet weather as well. Soybean …
Soybean Oil Closes Lower Following 2 Limit Up Days
Soybeans– Soybeans closed higher today, while soybean oil moved slightly lower following two limit up moves in a row. Soybean conditions fell to 66% good/excellent, down 2% over last week. Last year at this time, the good/excellent rating for soybeans was 70%. Planting is at 93% complete, ahead of the five-year average at 84%. The 8–14-day forecast shows above normal …
Soybean Oil Limit Up Again on Monday Using Expanded Limits
Soybeans– Soybean oil was limit up again today off the EPA’s announcement of higher RVOs for bio-mass based biodiesel. The EPA raising the blending rate from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027. Soybean oil was limit up on Friday as well. Temperatures are expected to rise over the next …
Soybean Oil Limit Up, Soybeans Soar on Friday
Soybeans– Soybean oil was limit up today. The big move in soybean oil was because of the EPA’s announcement of higher RVOs for bio-mass based biodiesel, raising the blending rate from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027. Biofuel groups and others in the industry had been awaiting this announcement …
USDA Lowers Old and New Crop U.S. Corn Ending Stocks
Soybeans– The June WASDE report came out this morning. Soybeans closed lower despite the friendly report. New crop ending stocks were unchanged at 295 mb, in-line with analyst estimates. Old crop ending stocks were estimated at 350 mb, unchanged from last month. The trade expectation for old crop soybeans was 353m. No changes were made for Brazil and Argentina’s old …
How Will the June WASDE Affect the Grains?
Soybeans– The U.S. made an made a trade deal agreement with China, following the meetings in London this week. The U.S. will have a 55% tariff on China, while China will keep a 10% tariff on the U.S. Progress has also been made on trade agreements with India and Canada. Soybeans did not have a strong reaction to the news …
Corn Leads the Way Higher on Tuesday
Soybeans– As of Monday, planting progress is at 90% complete, up 6% over last week. The 10-year average for this time of year is 84%. Crop conditions were rate 68% good/excellent up 1% over last week. The 10-year average for soybean conditions at this time of year is 69%. The best conditions for this time of year came in 2018 …
Corn, Beans, Wheat All Move Lower on Monday
Walsh Pure Hedge Division The focus for the soybean market is on trade talks. The U.S. and China will meet this week in London to continue negotiating. Last week, President Trump and Xi had a productive discussion, setting up this meeting. Above-normal rains are expected in the southeast and northern Plains, but overall, the forecast has been solid for early …
Wheat Leads the Grains Higher Heading Into the Weekend
Soybeans– According to the Buenos Aries Grain Exchange, Argentina’s soybean harvest is 88% complete, up from 80% last week. Despite slow harvest pace due to flooding, yields have been surprisingly strong. Brazil continues to export soybeans at a solid pace, with May soybean exports at 14.1 mt, from 15.3 mt in April, but above 13.47 from a year ago. Temperatures …
Soybeans Trade Higher on China Trade Deal Optimism
Soybeans– Soybeans moved higher today after a phone call between President Trump and China’s Xi. The 30-minute discussion was productive, with Trump saying he will visit China to continue trade talks. Soybean planting is at 76% as of 5/25, up 10% over last week. Planting is well ahead of schedule with the 10-year average for this time of year being …