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The Grains Rally on Monday
Soybeans– Soybeans were higher again today, after trading 6 1/2 cents in the overnight session. The November WASDE will be released on Friday. Most analyst are predicting a small decrease in yield on this report. The government is expected to reopen soon, possibly on Friday. Once the government reopens, more data will be available about exports and fund positioning. The …
Soybeans Continue Higher on Friday
Soybeans– Soybeans were higher again today, after trading 5 cents higher in the overnight session. Chinese soybean imports hit a record high for the month, up 6.4% on the year. Chinese vegetable oil imports are down nearly 7% on the year. 3 US companies are now eligible to export soybeans into China, the companies are: CHS, Louis Dreyfus, and EGT. …
The Grains Sell-Off on Thursday
Soybeans– Soybeans sold off hard again today, after yesterday’s move higher. In the overnight session, soybean traded 8 1/4 cents lower. Soybeans are trading a much wider daily range than a month ago before China was involved. The US lost its price advantage over South American in soybean and soybean meal due to the rally in both markets. Some of …
The Grains Move Higher on Wednesday
Soybeans– Soybeans were today, as China cut the tariff on US soybeans from 23% to 13%. Hopefully China can get more soybean purchases done before the end of the year. The purchases made by China thus far haven’t been anything major but they’ve helped prices move in the right direction. Bessent said yesterday that Trump and Xi may meet in …
Soybeans Trade Lower, Wheat Continues Higher on Tuesday
Soybeans– Soybeans saw profit taking today, which isn’t surprising as soybeans have been trading higher since mid-October. Soybean buying from China is expected to pick up in December or January. China is still making soybean purchases from Brazil, as Brazil has cheaper soybeans due to the recent rally. Managed money did heavy buying over the past 6 sessions, going long …
The Grains Move Higher, Profit Taking in Soybean Meal
Soybeans– The news of China deciding to buy US soybeans has really helped soybean prices move in the right direction, closing higher again today. China has agreed to purchase 12 mmt for the current marketing year and at least 25 mmt over the next 3 years. In 2024, China imported nearly 27 mmt of US soybeans. 7 cargoes or 430k …
WRT World Agricultural Supply and Demand November 2
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account 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 …
Soybeans Continue Higher to End the Week
Soybeans– Soybeans closed higher on Friday continuing the rally. The rally is because of Chinese soybean purchases following the APEC Summit. It was reported that China bought 4 more cargoes of soybeans from the US yesterday. The APEC Summit resulted in an agreement that China would by 12 mt during the current export window and 25 mt each year for …
Soybeans Flip Green to Continue the Rally on Thursday
Soybeans– Trump’s meeting with China was successful. China has agreed to purchase 12 mmt for the current marketing year and 25 mmt over the next 3 marketing years. The APEC Summit also resulted in other countries agreeing to buy 19 mmt. Ahead of the meeting China bought 3 cargoes of domestic soybeans, but the total quantity was only 180k tons. …