The Grains Trade Steady After Friday’s Sell-Off

Hans SchmitGrains

Soybeans– After Friday’s major sell-off after President Trump’s social media post, soybeans traded slightly higher today. In the overnight session, soybeans closed up 1 1/4 cents. Trump tried to calm the markets with more social media posts over the weekend, which was successful in the short-term. It remains to be seen how this China situation develops over the long-term, however …

The Grains Fall On Report that Xi May not Attend the APEC Summit

Hans SchmitGrains

Soybeans– Soybeans traded even lower, after trading 4 1/4 cents lower in the overnight session. Today’s move lower was due to news that China’s Xi may not even attend the APEC Summit. The assumption was that President Trump would meet with Xi in early November. This could be just some type of negotiating tactic from the Chinese; however, the market …

Soybeans Lead the Grains Higher on Wednesday, No WASDE Report Tomorrow

Hans SchmitGrains

Soybeans– Soybeans led the grains higher on Wednesday, after trading up 1 3/4 cents higher in the overnight session. President Trump reiterated his plans yesterday regarding a meeting China’s Xi. The WASDE report originally scheduled for tomorrow morning, will be canceled due to the government shutdown. Trade estimates were still released by research firms. The average analyst estimate of soybean …

Soybeans Trade Higher, Wheat and Corn Slip Lower on Tuesday

Hans SchmitGrains

Soybeans– Soybeans traded higher, after closing 2 1/2 cents higher in the overnight session. Harvest is estimated at 40% complete, versus 47% last year. With no Commitment of Traders reports due to the government shutdown here are the estimates from StoneX for today’s session: funds bought 6,000 soybean contracts, sold 2,000 soybean meal contracts, and bought 4,000 soybean oil contracts. …

The Grains Trade Lower to End the First Trading Day in October

Hans SchmitGrains

Soybeans– Soybeans closed lower, after trading 2 cents lower in the overnight session. The deadline for an increase on Chinese goods is set at November 9. Treasury Secretary Bessent said there could be a breakthrough in the next round of trade talks. With the government shutdown, some market data will be delayed. There will be no COT report this afternoon. …

Rumors of China Buying US Soybeans During the Government Shutdown Send the Grains Higher

Hans SchmitGrains

Soybeans– Rumors of China buying US soybeans during the government shutdown sent soybeans higher today. Export sales were not reported during the shutdown. NASS crush numbers were also not reported yesterday. StoneX gave a new estimate for soybean yield at 53.9 bpa, compared to the USDA at 53.2 bpa. Argentina is seeing a drop in planted area for soybeans, down …

Soybeans Rally on Wednesday

Hans SchmitGrains

Soybeans– Soybean stocks came in lower than analyst estimates on yesterday’s report. Stocks came in at 316 mb, compared to the average estimate 323 mb. Harvested acres were raised by 100,00. Yesterday, it was reported that China won’t be buying any US Ag products anytime soon. However, a farmer aid package is expected to be announced over the next few …