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Corn and Soybeans Trade Higher on Friday
SOYBEANS– July beans had a strong close today above 1200. Bean oil is still strong and should be supported with crude above 100. July meal is off its highs from mid-April and is now at trendline support. US soybean crush pace hit a record high for March at 227 mb. The soybean crush hit an all-time high at 236 mb …
Wheat Trades Lower on Thursday
SOYBEANS– July beans were down 2 cents in the overnight session and were lower again today. Today’s export report showed soybean export sales of 258k mt. The top buyers of US beans on this report were China, Indonesia, and Egypt. July beans failed to close above the psychological resistance at 1200 today, but the high in the overnight session was …
The Grains Rally on Wednesday
SOYBEANS– July beans were up 3 ½ cents in the overnight session and continued higher during today’s session. Soybeans were unable to trade above resistance at 1200, making a high at 1198 ¼. Soybean oil continues to be very strong, which helps soybeans chances of moving higher. November soybeans have resistance at 1175. July ’26 Soybeans (ZSN26) settled at 1197.75 …
July Wheat Makes a New Contract High
SOYBEANS– July soybeans beans were down 1 cent in the overnight session and slightly lower again today. July beans made a low at 1182 this morning, while November made a low at 1159. The USDA has soybean planting at 23% complete, compared to the analyst estimate at 22% complete. The 5-year average for planting pace this time of year is …
The Grains Rally on Monday
SOYBEANS– Soybeans made a bullish move today, trading above the previous resistance level at 1180. The next resistance for July beans is 1200. It may be hard for soybeans to break with soybean oil showing so much strength. The market is looking ahead to the China meeting in mid-May. July ’26 Soybeans (ZSN26) settled at 1191.25 (+12.75), high of 1194.50, …
WRT World Agricultural Supply and Demand April 27
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 their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will …
Wheat Trades Lower on Friday
SOYBEANS– Soybeans finished the overnight session 2 ¼ cents higher and reversed slightly higher during today’s session. The Midwest is not as dry as the Plains, however the drought monitor was up 1 point this week to 30% under drought. Last year at this time, the drought rating was 21%. July beans failed to close above resistance at 1180 today. …
Wheat Rallies on Thursday
SOYBEANS– July beans closed lower today after trading close to unchanged in the overnight session. Today’s export report showed sales of 364k mt old crop beans at 91.9% of the USDA forecast. Soybean meal exports came in below expectations at 162k mt. Last Friday’s COT showed managed money lightening their long position by nearly 15k contracts. July ’26 Soybeans (ZSN26) …
Soybean Meal Trades Lower on Wednesday
SOYBEANS– Soybeans traded 8 ¼ cents higher in the overnight session but traded lower today. Soybeans traded a wider range today then most of the recent closes. 1200 is a key area of resistance in the July contract. November beans have made several attempts to trade above the contract high at 1174 ¼ from March 12 but haven’t been able …