SOYBEANS– The grains continue to sell-off, with rain expected next week in the Midwest. The market is still waiting on new purchases from Chinese importers. Soybean meal and bean oil have reversed lower. Argentina’s soybean harvest is nearly finished at 92% complete. Yesterday’s export report showed sales of 276k mt for this year and 243k for next year. July ’26 …
Wheat Continues to Move Lower
SOYBEANS– Soybeans made another move lower today after losing support at 1170 in the July contract. The next level of support for July beans is 1140. The grains are breaking with crude still moving higher. If crude reverses the move lower could intensify. Soybean planting is moving along at 87% planted, as of May 31. July ’26 Soybeans (ZSN26) settled …
Wheat Trades Lower on Tuesday
SOYBEANS– Soybeans were rated 66% good/excellent, compared to last year’s rating at 67%. The 10-year average at this point in the year is 69%. Indiana’s soybean conditions were rated the worst at 10% poor/very poor. July soybean oil made a new high at 79.69 yesterday but was able to top that today. Soybeans may be starting to roll over. July …
Soybeans Trade Lower on Monday
SOYBEANS– Today’s crush report showed 6.55 mmt or 218 mb of soybeans crushed in April. The pre-report estimate for soybean crush was 214.7 mb. Friday’s COT report showed funds selling 18k contracts. Managed money still has a 180k net long position. Soybeans remain overvalued, but that does not mean they have to break. July ’26 Soybeans (ZSN26) settled at 1181.25 …
The Soybean Complex Rallies on Thursday
SOYBEANS– The war in Iran seems to have a different headline every couple hours, which has made it hard for the grain markets to pick a direction. July beans were up 7 ¾ cents in the overnight session and higher again today. Soybeans remain overvalued but are holding up for now. July ’26 Soybeans (ZSN26) settled at 1195.75 (+10.50), high …
Wheat Trades Lower For the Fifth Day in a Row
SOYBEANS– July beans finished the day close to unchanged while November beans were slightly positive. The latest Crop Progress report shows soybean planting is 79% complete, compared to the 5-year average at 68%. Louisiana leads the way in soybean planting at 95% planted, well-ahead of the 5-year average at 79%. Soybean meal and oil were strong today. July ’26 Soybeans …
The Grains Trade Lower on Tuesday
SOYBEANS– July soybeans finished the day lower after making a high at 1193 ½ in the overnight session. July was down 9 ½ cents in the overnight session. Soybeans will likely continue to be volatile; however, I don’t think there’s any reason soybeans should be trading this high. If July soybeans fail to hold support at 1171, then look out …
WRT World Agricultural Supply and Demand May 26
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Soybeans Close Below 1200 Again
SOYBEANS– Despite closing positive July failed to close above 1200 while November closed below 1190. Soybeans have failed to break, but I believe this is the type of market where it’s prudent to sell rallies. The drought monitor showed a 1 point drop yesterday to 27% under drought. Argentina’s harvest is 75% completed. Argentina’s production is estimated at 50.1 mmt, …
The Grains Trade Lower on Thursday
SOYBEANS– July beans had another close below 12 bucks today after making a high at 1204. November beans also closed below 12 bucks after making a high at 1295 ¼. The market is waiting on more clarity about the China meeting. The charts and fundamentals lean bearish, and there was another Iran deal reported again today. Exports today were okay …