Soybeans– Soybeans traded 4 1/2 cents lower today, after trading 3 3/4 cents lower in the overnight. Managed money in now heavily short the grains, after switching their net long position in soybeans to a net shirt position. It’s the first time in 4 months managed money is net short soybeans, soybean meal, and soybean oil at the same time. …
WRT World Agricultural Supply and Demand September 28
SOYBEANS SOYBEANS ’23/’24 Est USDA ’24/’25 Est ’25/’26 Proj September Million Acres Area Planted 83.6 87.1 81.1 Area Harvested 82.3 86.1 80.3 Bushels Yield per Harvested Acre 50.6 50.7 53.5 Million Bushels Beginning Stock 264 342 330 Production 4,162 4,366 4,301 Imports 21 27 20 Supply, Total 4,447 4,736 4,651 Crushings 2,285 2,430 2,555 Exports …
The Grain Markets Are Quiet Ahead of Tuesday’s Grain Stocks Report
Soybeans– Soybeans traded slightly higher, after trading 2 cents lower in the overnight session. China is making large purchases in soybeans from Argentina, along with purchases in soybean oil. In short order, Argentina exported 2.7 mt of soybeans and 905k tons of soybean oil. India also bought 300k tons of Argentina’s soybean oil. Due to large purchases of soybeans from …
Wheat Leads the Grains Again on Thursday
Soybeans– Argentina went ahead and ended their export tax holiday after hitting the $7B limit. Argentina making so many sales during the US export window is bearish, however soybeans have held up relatively well. There’s a farmer aid package in the works, which is will reportedly be funded from tariffs revenues. The China trade deal will likely not be agreed …
Corn and Soybeans Trade Lower on Wednesday
Soybeans– Soybeans were down 3 cents today, after trading 4 cents lower in the overnight session. There was a flash sale this morning for 101k mt of soybean cake for delivery to Guatemala for the 2025/26 marketing year. China bought more cargoes of soybeans from Argentina, bringing their total to ~20 this week. The EU announced that they will be …
Wheat Bounces on Tuesday, Can Wheat Make Higher Lows From Here?
Soybeans– Soybeans closed nearly unchanged today, after trading down 5 1/2 cents in the overnight session. Argentina is facing economic challenges with a collapse in the country’s currency and the bond market. Argentina is temporarily removing the export tax on grain to incentivize farmer selling and to bring in dollars. The removal of the export tax means Argentina’s farmers will …
Soybeans and Wheat Trade Sharply Lower on Monday
Soybeans– Soybeans continued sharply lower following President Trump’s call with China’s Xi on Friday. The market reacted negatively to the lack of attention to purchases on the call. Both parties are expected to meet again in South Korea in November at the APEC summit. A deal may not be agreed upon until 2026. China has been doing their soybean buying …
WRT World Agricultural Supply and Demand September 21
SOYBEANS SOYBEANS ’23/’24 Est USDA ’24/’25 Est ’25/’26 Proj September Million Acres Area Planted 83.6 87.1 81.1 Area Harvested 82.3 86.1 80.3 Bushels Yield per Harvested Acre 50.6 50.7 53.5 Million Bushels Beginning Stock 264 342 330 Production 4,162 4,366 4,301 Imports 21 27 20 Supply, Total 4,447 4,736 4,651 Crushings 2,285 2,430 2,555 Exports 1,700 …
President Trump’s Call With Xi Sends Soybeans Lower
Soybeans– President Trump and China’s Xi had a phone call today, marking the 4th round of trade talks between the two countries. The markets were hoping that today’s talks would discuss details regarding US Ag purchases, however the discussion focused on TikTok. The call was said to be positive, with Trump saying he would visit China early in ’26. Soybean …
The Grains Trade Lower on Thursday
Soybeans– Soybeans have faced pressure from weakness in soybean oil and improving crop conditions in Brazil. Stats Canada released their soybean production estimate at 7.134 mt, up from 7.016 mt in August. Last year, Stats Canada estimated soybean production at 7.568 mt. The central and western soybean belt is expected to stay day over the next 6-10 days, which should …