Category Archive

Soybeans– Soybeans were down 2 cents during today’s trading session. The Pro Farmer crop tour begins this week. The market will play close attention to see how the fields look compared to the USDA’s estimates. With China and the US pushing trade talks out into the future, any bullish news regarding China purchases will have to wait. Weather forecasts show …

Soybeans– After yesterday’s selloff soybeans rallied hard to end the week. Soybeans were higher due to forecasts for late August calling for drier than normal conditions for late August. Exports for new crop soybeans for the ending August 7, came in at 1,133,006 tons. China is still buying soybeans from South America, which likely gives the US a very short …

Soybeans– Soybeans sold off on Thursday, with some profit taking place after a rally earlier in the week. The US has a price advantage over Brazil do to a weaker dollar, but China keeps buying from South America. CONAB estimated Brazil’s production at 169.65 mt, below the previous estimate at 170.5. Argentina’s crop was estimated at 50.2 mt, up 2%. …

Soybeans– Soybeans continued their rally today, following yesterday’s reversal higher. China has made significant soybean purchases from South America the last 14 days, despite Trump asking China to 4x their soybean imports from the US. The August WASDE showed a yield increase as expected, while acreage was cut by 2.4 ma. The USDA’s decision to lower acreage brought down ending …

Soybeans– Soybeans started the day sharply lower due to Trump extending China’s tariff deadline yesterday. After the WASDE report came out at 11am, soybeans moved sharply higher finishing the day up 21 cents in the September contract. The yield was adjusted to 53.6 bpa versus 52.5 bpa in July. Production was decreased from 4.335 bb in July to 4.292 bb. …

Soybeans– Soybeans made a large move higher today, closing up over 20 cents. After the markets closed, it was reported that President Trump granted China a 90-day extension to the tariff deadline. Since the announcement was made after the grain markets closed, the overnight session will show how the market views this news. The August WASDE report will be released …

Soybeans– The next USDA report is coming up. The August WASDE will be released on Tuesday. Weather has been favorable all season long, but now there is some discussion of sudden death syndrome in some soybean fields. Soybeans were lower again today, with no weather premium being added. Analysts are expecting a slight raise in yield on Tuesday. Despite the …

Soybeans– Soybeans traded higher today due to hotter weather and likely some technical buying, as yesterday soybeans made a fresh 4-month low. Analysts are predicting an increase in yield at 53 bpa for next week’s August WASDE report. The July WASDE report put yield at 52.5 bpa. Production is estimated at 4.374 bb versus 4.335 in July. New crop ending …

Soybeans– Earlier this week, I mentioned the potential for soybeans to move lower due to favorable weather and weak exports. StoneX updated their forecast for soybean yield at 53.6 bpa, while S&P global forecasted yield at 53.5 bpa. The USDA estimated soybean yield at 53.5 bpa in July. If a higher soybean yield materializes, on the August WASDE report, it …

Soybeans– Soybeans moved 2 1/2 cents higher in the overnight session, but closed lower on Tuesday. Soybean conditions are now 69% good/excellent after declining 1% from the week prior. Soybean conditions were 68% at this time last year. StoneX has Brazil’s soybean crop at 177.2 mt, up from 172.8 mt previously. Brazil’s exports are estimated at 110 mt, compared to …