Soybeans– Soybeans closed lower, after trading 2 cents lower in the overnight session. The deadline for an increase on Chinese goods is set at November 9. Treasury Secretary Bessent said there could be a breakthrough in the next round of trade talks. With the government shutdown, some market data will be delayed. There will be no COT report this afternoon. …
Rumors of China Buying US Soybeans During the Government Shutdown Send the Grains Higher
Soybeans– Rumors of China buying US soybeans during the government shutdown sent soybeans higher today. Export sales were not reported during the shutdown. NASS crush numbers were also not reported yesterday. StoneX gave a new estimate for soybean yield at 53.9 bpa, compared to the USDA at 53.2 bpa. Argentina is seeing a drop in planted area for soybeans, down …
Soybeans Rally on Wednesday
Soybeans– Soybean stocks came in lower than analyst estimates on yesterday’s report. Stocks came in at 316 mb, compared to the average estimate 323 mb. Harvested acres were raised by 100,00. Yesterday, it was reported that China won’t be buying any US Ag products anytime soon. However, a farmer aid package is expected to be announced over the next few …
The Grains Trade Lower After the Quarterly Grain Stocks Report This Morning
Soybeans– The Quarterly Grain Stocks report was released this morning from the USDA. Soybeans stocks came in at 316 mb, compared to the trade estimate at 323 mb. Last year’s September Grain Stocks report had soybean stocks at 342 mb. On September 12, old crop ending stocks were estimated at 330 mb. Soybeans were the second biggest mover on the …
News & Estimates Ahead of Tomorrow’s Grain Stocks Report
Soybeans– Soybeans traded 4 1/2 cents lower today, after trading 3 3/4 cents lower in the overnight. Managed money in now heavily short the grains, after switching their net long position in soybeans to a net shirt position. It’s the first time in 4 months managed money is net short soybeans, soybean meal, and soybean oil at the same time. …
WRT World Agricultural Supply and Demand September 28
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 …
The Grain Markets Are Quiet Ahead of Tuesday’s Grain Stocks Report
Soybeans– Soybeans traded slightly higher, after trading 2 cents lower in the overnight session. China is making large purchases in soybeans from Argentina, along with purchases in soybean oil. In short order, Argentina exported 2.7 mt of soybeans and 905k tons of soybean oil. India also bought 300k tons of Argentina’s soybean oil. Due to large purchases of soybeans from …
Wheat Leads the Grains Again on Thursday
Soybeans– Argentina went ahead and ended their export tax holiday after hitting the $7B limit. Argentina making so many sales during the US export window is bearish, however soybeans have held up relatively well. There’s a farmer aid package in the works, which is will reportedly be funded from tariffs revenues. The China trade deal will likely not be agreed …
Corn and Soybeans Trade Lower on Wednesday
Soybeans– Soybeans were down 3 cents today, after trading 4 cents lower in the overnight session. There was a flash sale this morning for 101k mt of soybean cake for delivery to Guatemala for the 2025/26 marketing year. China bought more cargoes of soybeans from Argentina, bringing their total to ~20 this week. The EU announced that they will be …
Wheat Bounces on Tuesday, Can Wheat Make Higher Lows From Here?
Soybeans– Soybeans closed nearly unchanged today, after trading down 5 1/2 cents in the overnight session. Argentina is facing economic challenges with a collapse in the country’s currency and the bond market. Argentina is temporarily removing the export tax on grain to incentivize farmer selling and to bring in dollars. The removal of the export tax means Argentina’s farmers will …