Category Archive

Soybeans– After several sessions in a row with a tighter trading range, soybeans closed higher heading into Thanksgiving. Yesterday it was reported that China bought 10-15 cargoes of US soybeans. Soybean meal continues to hold support. I’m starting to think soybean meal could be getting ready for another move higher. I still like being long soybean oil in the deferred …

Soybeans– Soybeans were up 1 1/2 cents in the overnight session and up slightly today. President Trump spoke to China’s Xi yesterday over the phone. The call was said to be positive, with both sides looking to expand their cooperation. Trump is expected to visit China in April. Ag Secretary Rollins said yesterday that a deal with China will happen …

Soybeans– Soybeans were lower today, after trading 2 cents lower in the overnight session. Brazil’s soybean planting is estimate at 81% complete, slower than the average pace. Argentina crop stress is building, especially in the north, with a spell of drier weather lately. China has increased it soybean purchase pace some after the initial purchases after the APEC Summit, however …

Soybeans– Soybeans closed higher on the day, after a 3 3/4 drop in the overnight session. China is working towards the target of 12 mmt by the end of the year, but still has a long way to go. Even if, China meets the exports target the upside may already be priced in on the recent move to 1169. China …

Soybeans Soybeans were lower again today, after trading closing to unchanged in the overnight session. The US dollar is moving higher again, now at its highest level since mid-May of this year. A higher dollar is not good for exports, but soybeans are also coming down. China has a long way to go on its export agreement. China still needs …

Soybeans– Soybeans saw profit taking again today, closing much lower. Soybean meal was also down pretty big, which could be the start of a major correction. Soybean oil was also significantly lower. China’s soybean purchases are now estimated above 2 mmt, which is still 10 mmt of the target set for the end of the year. LSEG decreased its estimate …

Soybeans– There was some profit taking in soybeans today following yesterday’s rally. China bought 16-18 cargoes of US soybeans. China still has 10 mmt to left to go to meet the 12 mmt target, but the pace of exports is picking up. It remains to be seen whether or not China will come through but its looking more likely. The …