SOYBEANS– Soybeans finished the day higher after yesterday’s lower close. The charts for the grains look strong but that can change over the weekend with the weather. The corn belt is expected to see near normal rains in the 8-14 day forecast. Temperatures are expected to be near normal in eastern soybean areas and warmer west of the Mississippi …
Wheat Trades Higher on Tuesday
SOYBEANS– Soybeans were lower today after two days of higher trading. September beans may be running out of momentum being so extended from the major moving averages. Temperatures in the Midwest have warmed up again after the rain. Chinese soybean purchases were a record for the month of June at 13.55 mmt. September ’26 Soybeans (ZSU26) settled at 1180.50 …
Soybeans Move Higher on Monday
SOYBEANS– November beans made a high at 1207 ¼ today but faded the rest of the day. The high in November beans on Friday was 1199. The next resistance is the previous high at 1214. On Friday, new crop ending stocks were unchanged at 310 mb. Old crop ending stocks were cut 10 mb to 330 mb. World ending …
Wheat Leads the Grains Higher on Friday
SOYBEANS– The grains had a bullish reaction to today’s WASDE report. November beans traded as high as 1199 after the report came out. Production was estimated slightly higher from June at 4.475 and 4.435 bb, respectively. New crop ending stocks were unchanged at 310 mb, while old crop ending stocks were cut 10 mb to 330 mb. World ending …
Grains Go Down On Wednesday
SOYBEANS– The soybeans backed off today after restarting the uptrend. The market is hopeful for more Chinese demand in September. November beans are back inside the previous trading range and above the key moving averages. November beans have resistance at 1200 and at the prior high 1214. September ’26 Soybeans (ZSU26) settled at 1179.50 (-7.50), high of 1193.25, low …
Post-4th of July Rally in the Grain Markets
SOYBEANS– Soybeans had a strong gain today, trading as high as 1197 in the November contract. With many bearish heading into the June 30th crop reports, the market caught people offsides rallying over 50 cents since then. In addition to hot weather, it was reported that the US and China are working on a deal to lower the tariff …
The Grains Trade Higher After Yesterday’s Crop Reports
SOYBEANS– Soybeans finished the day higher with September leading the November issue up. Yesterday’s Acreage report estimated acreage just below the average trade guess, however the USDA also reported 8.05 million acres left to be planted. Despite the higher close soybeans were unable to make a move above yesterday’s high. The next resistance for November beans is 1153. August …
The Grains Rally After Today’s Crop Reports
SOYBEANS– As predicted, by many analysts, the switch from corn acres to beans wasn’t as dramatic as initially expected. November beans made a high at 1156 ½ following the report but faded the rest of the day. Soybean planted area is estimated at 85.365 ma from the USDA. The average trade estimate was 85.369 ma. The new planted acreage …
The Grains Break Ahead of Tomorrow’s Crop Reports
SOYBEANS– Tomorrow, the USDA will release the Acreage and Quarterly Stocks reports. The average pre-report estimate for soybean acreage is 85.4 ma, compared to 84.7 ma on the March 31 Prospective Plantings report. On the high-end acreage is estimated at 86 ma, while the final acreage figure from the USDA in 2025 was 81.215 ma. Increased fertilizer costs have …
Soybeans Rally on Thursday
SOYBEANS– Soybean export sales were strong this morning at over 455k mt for 2025/26. Export sales for the week ending June 18 were up 7% from last week and up 50% from the 4-week average. November beans closed above the 14 and 21 DMA today. There is a big report day on Tuesday for the grains. The markets will …