Soybeans– Trump is meeting with Xi tonight, so more important trade developments should be coming out soon. Soybeans sold off some today, but soybean meal continues to trade higher. China has reportedly only bought 3 cargoes of US soybeans. US Gulf and PNW export bids are rising due to China demand. If a deal is confirmed there is no guarantees …
Soybeans Trade Higher With Profit Taking Happening Above 1100
Soybeans– Trump is expected to make a deal with China soon, a framework for a deal is said to be in place. Trump is meeting with Xi at the APEC Summit on Thursday. We could still see soybeans sell once a deal if confirmed, as there has been heavy buying on the likelihood of a deal being completed. If a …
China Progress Sends Grains Higher
Soybeans– Soybeans rallied hard in the overnight session, trading 17 cents higher. During today’s session soybeans rallied even harder. Be aware of possible “buy the rumor, sell the news” trading once a trade deal with China is confirmed. Trump will meet Xi on October 30th. And Canada’s Careny is said to be open to trade talks with Trump, after Trump …
World Agricultural Supply and Demand October 26
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 …
Profit Taking Brings the Grains Lower on Friday
Soybeans– Soybeans saw some profit taking after some higher prices this week. Part of the drop today could also be some buy the rumor sell the fact, as it was confirmed that China’s Xi will be attending the APEC Summit. President Trump plans to meet with Japan on Tuesday, South Korea on Wednesday, and China on Thursday next week. The …
Soybeans Continue to Rally Ahead of the Potential Meeting With China
Soybeans– Soybeans continue to show strength ahead of the meeting with China at the end of the month. Brazil’s production is now estimated at 171.8 mt, which is 6.5 mt higher than the previous estimate. Exports are estimated at 110 mt versus the prior estimate at 109.5 mt. Brazil soybean meal crushing is estimated at 60.5 mt for new crop, …
The Grains Trade Higher on Wednesday
Soybeans– Soybeans traded 4 cents higher in the November contract and slightly higher in the January contract. There continues to be optimism about a deal with China. Soybeans have also been supported by recent strength in soybean meal. It sounds like the US is going to start importing beef from Argentina. While it’s still speculation at this point, that deal …
Wheat Continues to Hold 500, Supported by Strong Exports
Soybeans– Soybeans traded slightly lower today, after a 5 cent gain in the overnight session. After some doubt last week, Trump is expected to meet with Xi at the end of the month. After a long period of back-and-forth trade negotiations Trump and Xi need to find a way to make a deal. Neither China or the US would benefit …
Soybeans and Meal Rally on China Trade Deal Optimism
Soybeans– Soybeans are starting to rally. The higher move today comes after a 9 3/4 cent gain in the overnight session. The US government seems to be putting a bigger emphasis on the China issue, and soybean exports are seeing wider media coverage. There seems to be a lot of optimism towards completing a deal with China. Treasury Secretary Bessent …
Trade Optimism Sends the Grains Higher
Soybeans– Soybeans traded 10 cents higher today, after trading 3 1/2 cents higher in the overnight session. The market seems to be optimistic about a meeting between President Trump and China’s Xi in the next 2 weeks. With US soybeans at a discount to Brazil, there has been talk of China selling of 3.5 mt of reserve soybeans instead of …