Soybeans– A Bloomberg article came out this morning saying, China’s state-owned conglomerate Citic Ltd. will begin developing large-scale soybean and farms amid the trade war with the U.S. China has already invested large sums of money in developing Brazil’s Ag infrastructure, now they are expanding in Africa to compete in the grain markets. Temperatures are expected to increase this …
Soybeans Continue Higher on Thursday
Soybeans– Soybeans acres under drought continue to decrease. A seasonally cool weather pattern has developed over the northern Midwest, but it should end by early next week as heat moves from the west. Yesterday, there was morning flash sale for new crop soybeans, and rumors were that China may be potentially be the buyer. China is importing a record number …
The Grains Close Higher on Wednesday
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– November Soybeans closed up 18 cents to 1019 3/4. The market has added some weather premium due to forecasts showing higher temperatures in the Midwest and eastern soybean growing areas over the next 11-14 days. August is the …
Not the Best Day for the Grains on Tuesday
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– Soybeans traded slightly lower on Tuesday, however the 20/50MA did cross for the first time since May, which is a signal that soybeans could be headed lower. Soybean ratings are up 4 points to 70% good/excellent. The highest …
Corn Trades Higher to Start the Week
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– The July WASDE report held no major surprises. New crop carryout was raised 15 mb. The USDA lowered new crop exports by 70 mb and raised crush 50 mb. Stocks/use is now 7.1% for new crop soybeans. The …
Grains Close Lower Following the July WASDE Report
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– The July WASDE report came out this morning. Yield was unchanged at 52.5 bpa. Total production is now estimated at 4.34 bb. The June 30th Acreage report had planted area at 83.4 mb. New crop ending stocks were …
Soybeans and Wheat Trade Higher Ahead of Tomorrow’s WASDE Report
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– Soybeans traded higher today ahead of the WASDE report tomorrow. Last night, the President Trump announced 50% tariffs on Brazil starting August 1st. The Brazilian President Luiz Da Silva cited a recently adopted law in his country that …
Soybeans Continue Lower on Wednesday
Soybeans– Yesterday, there was talk from the White House about limiting Chinese farmland ownership. Chinese farm ownership in the U.S. will likely be part of trade negotiations. Weather continues to be favorable. The upcoming WASDE report on Friday, is expected to see an increase in ending stocks for old crop to 358 mb, while new crop is expected at 304 …
Weather Remains Favorable, Trade Deals Would Benefit the Grains
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– Soybean conditions sit unchanged at 66% good/excellent, compared to 68% last year. Illinois and Ohio are the states with weaker crop conditions, with Iowa showing the best conditions at 79% good/excellent. Managed money has gone nearly flat the …
A Lack of China Purchase Deal Sends Grains Back Down
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– Soybeans had a very rough day to start the week, closing nearly 30 cents lower. The higher trade heading into the weekend was likely due to some end of the month/end of the quarter repositioning, along with an …