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. …
Corn Makes Its Move Over $5
SOYBEANS– November beans made a high at 1244 ½ in the overnight session and faded lower during today’s session. There was another flash sale this morning for 150k mt of soybeans for delivery to an unknown country. Soybean oil had another strong rally today, while meal reversed lower after 4 consecutive days of moving higher. November’26 Soybeans (ZSX26) settled …
The Grains Rally on Wednesday
SOYBEANS– Soybeans were sharply higher today, while soybeans meal had a near $7 gain. November beans are coming up against resistance at 1250. There were no flash sales of soybeans this morning. November’26 Soybeans (ZSX26) settled at 1237.25 (+19.25), high of 1239.5, low of 1214. January ‘27 Soybeans (ZSF27) settled at 1250.75 (+19.25), high of 1253.5, low of 1228.75. …
Wheat Trades Lower on Tuesday
November beans made a high at 1231 ¾ before reversing lower the rest of the day. There was a 136k new crop flash sale this morning for delivery to China. The 8-14 day forecast has the upper Midwest receiving below normal rainfall, while parts of the South are expected to see above normal rain. There was some profit taking in …
Wheat Trades Sharply Higher on Friday
SOYBEANS– November beans finished the day higher. There was another flash sale to China this morning, this time 136k mt. September ’26 Soybeans (ZSU26) settled at 1177.75 (+10.25), high of 1178, low of 1167.25. November Soybeans (ZSX26) settled at 1191.25 (+9), high of 1193, low of 1182.5. Cash price is at 1171 (-1) September Bean Meal (ZMU26) settled at …