Soybeans– Soybeans traded 5 cents higher, after trading 3 1/4 cents higher in the overnight session. Soybeans continue to respond well to the increasing trade tensions. Treasury Secretary Bessent mentioned this morning that a trade truce is likely going forward, instead of the current and proposed tariff schedule. Trump and Xi’s meeting at the end of the month is still …
Soybeans Trade Steady After President Trump Calls China’s Lack of Soybean Purchases an “Economically Hostile Act”
Soybeans– Soybeans reacted well to yesterday’s social media post by President Trump where he mentioned the possibility of terminating cooking oil imports from China because of the lack of soybean purchases. Soybeans traded close to unchanged, after a 4 1/4 cent slip in the overnight session. Soybean meal had a strong reaction to Trump’s comments, trading 1.60 higher. Soybean oil …
Corn and Wheat Trade Higher on Tuesday
Soybeans– Soybeans closed slightly lower today, after trading 4 3/4 cents lower in the overnight session. Harvest is picking up, now estimated at 60% complete. China has record high soybean stocks sitting in their ports. With China deciding to import so many soybeans from South America, China’s grain prices are trending lower. You’d think at some point Chinese soybean farmers …
WRT World Agricultural Supply and Demand October 13
SOYBEANS SOYBEANS ’23/’24 Est USDA ’24/’25 Est ’25/’26 Proj September Million Acres Area Planted 83.6 87.1 81.1 Area Harvested 82.3 86.1 80.3 Bushels Yield per Harvested Acre 50.6 50.7 53.5 Million Bushels Beginning Stock 264 342 330 Production 4,162 4,366 4,301 Imports 21 27 20 Supply, Total 4,447 4,736 4,651 Crushings 2,285 2,430 2,555 Exports 1,700 …
The Grains Trade Steady After Friday’s Sell-Off
Soybeans– After Friday’s major sell-off after President Trump’s social media post, soybeans traded slightly higher today. In the overnight session, soybeans closed up 1 1/4 cents. Trump tried to calm the markets with more social media posts over the weekend, which was successful in the short-term. It remains to be seen how this China situation develops over the long-term, however …
The Grains Sell-Off After President Trump’s Social Media Post on China
Soybeans– Soybeans had a major sell-off today after President Trump’s comment on social media. Trump said that China is sending letters to countries around the world saying that want to control their rare earth metals through tariffs. This update comes after talks were said to be going well. Trump and Xi were supposed to meet at the APEC Summit in …
The Grains Fall On Report that Xi May not Attend the APEC Summit
Soybeans– Soybeans traded even lower, after trading 4 1/4 cents lower in the overnight session. Today’s move lower was due to news that China’s Xi may not even attend the APEC Summit. The assumption was that President Trump would meet with Xi in early November. This could be just some type of negotiating tactic from the Chinese; however, the market …
Soybeans Lead the Grains Higher on Wednesday, No WASDE Report Tomorrow
Soybeans– Soybeans led the grains higher on Wednesday, after trading up 1 3/4 cents higher in the overnight session. President Trump reiterated his plans yesterday regarding a meeting China’s Xi. The WASDE report originally scheduled for tomorrow morning, will be canceled due to the government shutdown. Trade estimates were still released by research firms. The average analyst estimate of soybean …
Soybeans Trade Higher, Wheat and Corn Slip Lower on Tuesday
Soybeans– Soybeans traded higher, after closing 2 1/2 cents higher in the overnight session. Harvest is estimated at 40% complete, versus 47% last year. With no Commitment of Traders reports due to the government shutdown here are the estimates from StoneX for today’s session: funds bought 6,000 soybean contracts, sold 2,000 soybean meal contracts, and bought 4,000 soybean oil contracts. …
Argentina Wheat Conditions at 93% Good/Excellent, Versus 35% Last Year
Soybeans– Soybeans finished the day close to unchanged, after trading 2 1/2 cents higher in the overnight session. There could be some news ahead regarding a trade deal with India. India is seeking US soybeans for soybean oil and animal feed. Brazil planting is moving ahead of schedule with the drier weather they’ve been having. Planting in Brazil is now …