Soybeans– Soybeans were lower on the day, after trading 3/4 cents higher in the overnight session. China bought 10-14 cargoes yesterday for March, May, and April delivery. China’s purchases are now estimated at 10 mmt of the 12 mmt target set for February. It now seems more likely that China could meet the export target, however upside is likely already …
The Grains Rally to Start the First Full Week of 2026
Soybeans– Soybeans came back today rallying more than 15 cents, after breaking hard since mid-November. Soybeans are now above the previous resistance at 1050 and 1060. Soybeans may struggle to rally further from here because of favorable weather in Brazil. The next resistance is 1080 for March soybeans. China still has a long way to go on reaching the 12 …
Corn Trades Lower to Start 2026
Soybeans– Soybeans sold off hard to end the year and were lower again today. China has purchased 8 mmt thus far of the 12 mmt target set for February. Exports came in below the average estimate at 987k, for the week ending December 18. Top buyers on the export report were China, Turkey, and Spain. Soybeans closed below 1050 today. …
Soybeans Continue to Break to Start the Week
Soybeans– Soybeans were 4 1/4 cents lower in the overnight and down again today. Recent weakness in soybeans is likely because of improving weather conditions in Brazil, in addition to China’s suspension of their reserve auctions. Fund activity is also likely slowing because of year-end reporting purposes. Argentina is dealing with dryness in the south, but the market does not …
WRT World Agricultural Supply and Demand December 28
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Soybeans Close Lower on Tuesday
Soybeans– Soybeans closed lower today after gaining 2 3/4 cents in the overnight session. Russia bombed a Ukrainian sunflower oil extraction plant on Saturday, which is apart of their strategy to weaken Ukraine economically. Russia is also aiming to get a higher price for its oil and grain through these types of attacks. More strikes like this could be supportive …
After Breaking Last Week Soybeans Move Higher on Monday
Soybeans– Soybeans traded 3 1/2 cents higher in the overnight session. After a rough week last week, soybeans started the week out higher. The entire soybean complex closed higher, with soybean meal closing above the 300 resistance. There was a flash sale this morning of 331k mt to China for the current marketing year and 65k mt for the next …
WRT World Agricultural Supply and Demand December 21
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account 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 …
Soybeans Close Lower Again to End the Week
Soybeans– Soybeans were 1 3/4 cents lower in the overnight session and continued lower during today’s session. Soybeans had a disappointing end to the week, closing below 1050. Soybeans traded lower every day this week. China’s Sino Grain reserve auction had little interest, with only 33% of the total 550k sold. In South America, Brazil had solid rains this week, …
Corn May Be Getting Ready For the Next Leg Higher
Soybeans– Soybeans were lower again today after gaining 3/4 of a cent in the overnight session. Soybeans have been selling off since making a high at 1169 1/2 in mid-November. There were 3 cargoes of US beans sold to China yesterday. China has now booked over half of its 12 mmt commitment. The real is weakening versus the dollar, which …