Soybeans– The news of China deciding to buy US soybeans has really helped soybean prices move in the right direction, closing higher again today. China has agreed to purchase 12 mmt for the current marketing year and at least 25 mmt over the next 3 years. In 2024, China imported nearly 27 mmt of US soybeans. 7 cargoes or 430k …
WRT World Agricultural Supply and Demand November 2
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Hans SchmitAccount Executive Walsh TradingDirect 312-765-7311Toll Free 800-993-5449Fax 312 256 0109 faxhschmit@walshtrading.com Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member. Futures and options trading involves substantial risk …
Soybeans Continue Higher to End the Week
Soybeans– Soybeans closed higher on Friday continuing the rally. The rally is because of Chinese soybean purchases following the APEC Summit. It was reported that China bought 4 more cargoes of soybeans from the US yesterday. The APEC Summit resulted in an agreement that China would by 12 mt during the current export window and 25 mt each year for …
Soybeans Flip Green to Continue the Rally on Thursday
Soybeans– Trump’s meeting with China was successful. China has agreed to purchase 12 mmt for the current marketing year and 25 mmt over the next 3 marketing years. The APEC Summit also resulted in other countries agreeing to buy 19 mmt. Ahead of the meeting China bought 3 cargoes of domestic soybeans, but the total quantity was only 180k tons. …
President Trump Meets With Xi Tonight, Can a Trade Deal Be Confirmed?
Soybeans– Trump is meeting with Xi tonight, so more important trade developments should be coming out soon. Soybeans sold off some today, but soybean meal continues to trade higher. China has reportedly only bought 3 cargoes of US soybeans. US Gulf and PNW export bids are rising due to China demand. If a deal is confirmed there is no guarantees …
Soybeans Trade Higher With Profit Taking Happening Above 1100
Soybeans– Trump is expected to make a deal with China soon, a framework for a deal is said to be in place. Trump is meeting with Xi at the APEC Summit on Thursday. We could still see soybeans sell once a deal if confirmed, as there has been heavy buying on the likelihood of a deal being completed. If a …
China Progress Sends Grains Higher
Soybeans– Soybeans rallied hard in the overnight session, trading 17 cents higher. During today’s session soybeans rallied even harder. Be aware of possible “buy the rumor, sell the news” trading once a trade deal with China is confirmed. Trump will meet Xi on October 30th. And Canada’s Careny is said to be open to trade talks with Trump, after Trump …
World Agricultural Supply and Demand October 26
Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member. Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will …
Profit Taking Brings the Grains Lower on Friday
Soybeans– Soybeans saw some profit taking after some higher prices this week. Part of the drop today could also be some buy the rumor sell the fact, as it was confirmed that China’s Xi will be attending the APEC Summit. President Trump plans to meet with Japan on Tuesday, South Korea on Wednesday, and China on Thursday next week. The …
Soybeans Continue to Rally Ahead of the Potential Meeting With China
Soybeans– Soybeans continue to show strength ahead of the meeting with China at the end of the month. Brazil’s production is now estimated at 171.8 mt, which is 6.5 mt higher than the previous estimate. Exports are estimated at 110 mt versus the prior estimate at 109.5 mt. Brazil soybean meal crushing is estimated at 60.5 mt for new crop, …