Category Archive

Soybeans– The first WASDE since September came out this morning. Ending stocks were lowered 10 mb, from the September report to 290 mb. In 2024/25 ending stocks were 316 mb. Exports came in at 1,635 mb, compared to 1,685 mb in September. It’s somewhat surprising to see exports lowered with China back in the market, this is the reason the …

Soybeans– Soybeans are showing impressive strength leading into tomorrow’s report. Soybeans were up 12, after trading 3 1/2 cents higher in the overnight session. It’s interesting to see prices rally this hard without much profit taking. Soybeans are now trading at a 17-month high, having rallied $1.20 since early October. Pre-report estimates for Friday’s WASDE show yield an average yield …

Soybeans– Despite fears that China may not come through on the 12 mmt purchase by the end of the year, soybeans had a solid gain today. Reportedly China has plenty of soybeans for feed use after buying so many cargoes from South America. Soybeans are trading like funds are extremely long. Funds may decide to go risk-off leading into Friday’s …

Soybeans– Soybeans were lower in the overnight session and were lower again today. I still think soybeans can move higher from here. The question is whether China comes through on the 12 mmt of soybeans they agreed to purchase for the current marketing year. More information will be available when the government reopens, but it seems likely that funds have …

Soybeans– Soybeans were higher again today, after trading 6 1/2 cents in the overnight session. The November WASDE will be released on Friday. Most analyst are predicting a small decrease in yield on this report. The government is expected to reopen soon, possibly on Friday. Once the government reopens, more data will be available about exports and fund positioning. The …

Soybeans– Soybeans were higher again today, after trading 5 cents higher in the overnight session. Chinese soybean imports hit a record high for the month, up 6.4% on the year. Chinese vegetable oil imports are down nearly 7% on the year. 3 US companies are now eligible to export soybeans into China, the companies are: CHS, Louis Dreyfus, and EGT. …

Soybeans– Soybeans sold off hard again today, after yesterday’s move higher. In the overnight session, soybean traded 8 1/4 cents lower. Soybeans are trading a much wider daily range than a month ago before China was involved. The US lost its price advantage over South American in soybean and soybean meal due to the rally in both markets. Some of …

Soybeans– Soybeans were today, as China cut the tariff on US soybeans from 23% to 13%. Hopefully China can get more soybean purchases done before the end of the year. The purchases made by China thus far haven’t been anything major but they’ve helped prices move in the right direction. Bessent said yesterday that Trump and Xi may meet in …

Soybeans– Soybeans saw profit taking today, which isn’t surprising as soybeans have been trading higher since mid-October. Soybean buying from China is expected to pick up in December or January. China is still making soybean purchases from Brazil, as Brazil has cheaper soybeans due to the recent rally. Managed money did heavy buying over the past 6 sessions, going long …