SOYBEANS– Soybeans finished the day higher today after a sharp sell-off yesterday. Crop progress came out bullish yesterday afternoon. Soybean conditions were down 3 points W/OW to 63% good/excellent. Soybean conditions in Missouri improved 5 points ahead of last week. Meal finished the day higher, while soybean oil was lower. September ’26 Soybeans (ZSU26) settled at 1204 (+4.25), high …
WRT World Agricultural Supply and Demand July 27
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Soybeans Close Higher on Friday
SOYBEANS– Soybeans led the grains, trading higher on the day. Soybeans reversed off their lows today, while soybean oil finished the day lower. Soybean meal faded as the day went on. Soybean oil has strong support below and may be a good buy here. September ’26 Soybeans (ZSU26) settled at 1239 (+8), high of 1243, low of 1225. November …
Wheat Trades Sharply Higher on Wednesday
SOYBEANS– Soybeans finished the day higher today after closing lower yesterday. The forecast still looks relatively dry overall, and soybeans closed near the high of the day. China continues to buy US beans. The next meeting with Xi is in September. September ’26 Soybeans (ZSU26) settled at 1225.75 (+15.25), high of 1227.75, low of 1206.25. November Soybeans (ZSX26) settled …
Wheat Trades on Higher on Friday
SOYBEANS– Soybeans finished the day higher after yesterday’s lower close. The charts for the grains look strong but that can change over the weekend with the weather. The corn belt is expected to see near normal rains in the 8-14 day forecast. Temperatures are expected to be near normal in eastern soybean areas and warmer west of the Mississippi …
Wheat Trades Higher on Tuesday
SOYBEANS– Soybeans were lower today after two days of higher trading. September beans may be running out of momentum being so extended from the major moving averages. Temperatures in the Midwest have warmed up again after the rain. Chinese soybean purchases were a record for the month of June at 13.55 mmt. September ’26 Soybeans (ZSU26) settled at 1180.50 …
Soybeans Move Higher on Monday
SOYBEANS– November beans made a high at 1207 ¼ today but faded the rest of the day. The high in November beans on Friday was 1199. The next resistance is the previous high at 1214. On Friday, new crop ending stocks were unchanged at 310 mb. Old crop ending stocks were cut 10 mb to 330 mb. World ending …
Wheat Leads the Grains Higher on Friday
SOYBEANS– The grains had a bullish reaction to today’s WASDE report. November beans traded as high as 1199 after the report came out. Production was estimated slightly higher from June at 4.475 and 4.435 bb, respectively. New crop ending stocks were unchanged at 310 mb, while old crop ending stocks were cut 10 mb to 330 mb. World ending …
Grains Go Down On Wednesday
SOYBEANS– The soybeans backed off today after restarting the uptrend. The market is hopeful for more Chinese demand in September. November beans are back inside the previous trading range and above the key moving averages. November beans have resistance at 1200 and at the prior high 1214. September ’26 Soybeans (ZSU26) settled at 1179.50 (-7.50), high of 1193.25, low …
Post-4th of July Rally in the Grain Markets
SOYBEANS– Soybeans had a strong gain today, trading as high as 1197 in the November contract. With many bearish heading into the June 30th crop reports, the market caught people offsides rallying over 50 cents since then. In addition to hot weather, it was reported that the US and China are working on a deal to lower the tariff …