Soybeans– Soybeans traded lower on the day after trading 1/2 cent lower in the overnight session. Argentina’s plant workers are scheduled to strike on Thursday but that has failed to support soybean meal. China is still behind on their 12 mmt purchase agreement, however they bought 3 cargoes yesterday. Soybeans have support from the 200-day moving average, while resistance is …
Soybeans and Wheat Fall Lower on Tuesday
Soybeans– After trading 1 3/4 cents higher in the overnight session, soybeans traded lower again. Soybean oil continues to show weakness, now lower 6 of the last 7 sessions. Yesterday, the EPA reported there will be no 2026 RVO confirmation until Q1 ’26. Argentina’s plant workers have scheduled a 1-day strike for Thursday, but it failed to support soybean meal …
The Grains Trade Lower on Monday
Soybeans– Soybeans traded lower on the day after going unchanged in the overnight session. If soybeans drop just a little bit more to 1075 the gap in the chart will fill. Soybeans are trading close to support again. Funds were long 230k contracts in mid-November, so they are likely unwinding that large long position on this break. Brazil had rain …
WRT World Agricultural Supply and Demand December 14
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Soybeans Lead the Grains Lower on Friday
Soybeans– Soybeans had a major sell-off to end the week. It seems that the market is not confident that the latter part of the marketing year can provide the kind of export sales the market needs. Soybean exports are at their lowest levels since 2019. China has booked roughly 6 mmt of the 12 mmt target thus far. Soybeans are …
Flash Sales Supported the Grain Markets on Thursday
Soybeans– Soybeans closed higher today after some flash sales this morning. The USDA reported flash sales of 264k mt of soybeans to China, in addition 226k mt to unknown and 65k mt. Soybean sales for the week ending November 13 were 695k. The deadline for soybean exports to China continues to change. First the deadline was set as the end …
Soybeans Trade Back Above 1100
Soybeans– After yesterday’s WASDE report soybeans continued lower in the overnight session, trading 5 cents lower. Soybeans came back some today, now back above 1100. Soybeans exports to China lagging, with no Chinese buying rumors this week. Argentina’s export tax is set at its lowest level since 2007, showing the country is really trying to incentivize farmer selling. Soybean meal …
The Domestic Pivot: Navigating the Soybean Market’s “New Normal” in Late 2025
Introduction: The Great Divergence As we close the books on the 2025 U.S. harvest, the soybean market finds itself in a state of historic bifurcation. On one side, the domestic engine is firing on all cylinders: U.S. processors are crushing beans at a record annual pace, driven by the biofuel mandates cemented in the expansion of the 45Z Clean Fuel …
Corn Trades Higher After a Friendly WASDE Report This Morning
Soybeans– The December WASDE came out this morning. It was a quiet report for soybeans on this report. Yield was left unchanged at 53.0 bpa. New crop production was kept unchanged at 4.253 bb. Ending stocks are still estimated at 290 mb, at no change from November. World ending stocks were increased from 122 mmt to 122.4 mmt but that …
The Grains Trade Lower Ahead of the December WASDE Report Tomorrow Morning
Soybeans– Soybeans traded 7 cents lower during the overnight session and continued lower today. Soybeans are now trading below 1100. The December WASDE report will be released tomorrow morning. In November, the USDA estimated ending stocks at 290 mb. The average estimate for endings stocks on tomorrow’s report is 302 mb. The high estimate has ending stocks at 385 mb, …