SOYBEANS– There was a 192k mt flash sale yesterday to China and another 250k mt sale to an unknown country today. Xi is expected to visit the White House later this month. Managed money was very long the soybean complex on today’s COT report. Managed money had long positions of over 100k contracts soybeans and crush products as of …
The Grains Rally Back After An Overnight Sell-Off
SOYBEANS– The grains were pressured overnight, including soybeans, but they rallied off the morning low at 1290 ¼ in the November contract. There was another new crop soybean sale to China for 192k mt. Soybean meal had another strong day and looks bullish on the weekly chart. November’26 Soybeans (ZSX26) settled at 1314.50 (+4.25), high of 1319, low of …
Wheat Starts the Week Lower
SOYBEANS– There was a 159k mt flash sale to an unknown country for marketing year 2026/27 but it failed to help soybeans close higher. There could be some end-of-month profit-taking happening tomorrow with beans trading above 1300 today. Today, the EPA granted refinery exemptions totaling 1.76 billion credits, previously it was estimated that 990 million RINs would be exempted. …
WRT World Agricultural Supply and Demand August 30
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Wheat Leads the Grains Higher
SOYBEANS– The entire soybean complex was sharply higher today. November beans have resistance at today’s high at 1290 and the psychological resistance at 1300. Soybeans are trading at very elevated prices ahead of harvest. November’26 Soybeans (ZSX26) settled at 1287.75 (+19.75), high of 1290, low of 1269.25. January ‘27 Soybeans (ZSF27) settled at 1302.75 (+19.50), high of 1305, low …
Wheat Closes Higher, Corn and Wheat Trade Lower
SOYBEANS– November beans made at 1172 before reversing and finishing lower on the day. China booked almost half of the new crop sales on today’s export report. The soybean oil share has gone down significantly from just a few weeks ago. November’26 Soybeans (ZSX26) settled at 1268 (-2.50), high of 1272, low of 1250.75. January ‘27 Soybeans (ZSF27) settled …
Corn Fails to Close Above 525 for the Second Day in a Row
SOYBEANS– Soybean conditions were rated 60% good/excellent on yesterday’s Crop Progress report. Conditions fell 1 point behind last week and 9 points behind last year. Soybean oil was higher today despite the delay to the EPA biofuel compliance deadline. Meal may be undervalued here, with the rally in the other grains, especially if there’s a weather problem in South …
Corn Starts the Week Higher, Soybeans Trade Lower
SOYBEANS– Despite being much friendlier on their corn estimates, Pro Farmer came in higher than the USDA on its yield and production estimates. On Friday’s COT report managed money was long 151k contracts after buying over 50k contracts. Soybean oil was weaker with crude oil today, while meal started the week higher. November’26 Soybeans (ZSX26) settled at 1225.50 (-14), …
WRT World Agricultural Supply and Demand August 24
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New Crop Soybean Flash Sales Continue
SOYBEANS– November beans ended the week without any major profit taking going on. The next resistance for November beans is the previous high at 1256 ½. There were some larger flash sales reported this morning from the USDA. One sale 712k mt sale for delivery to China, in addition to a 720k mt sale to an unknown country. …