If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– The grains traded higher for the second day in a row. Hopefully this is the start of a strong rally. A close over 1061 in the November contract would be extremely bullish and pave the way towards a …
The Grains Look Bullish with Strong Performance 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– Soybeans had a nice move higher today, supported by strength in soybean oil and meal. It is likely there was some short covering today on such a strong move, up 20 cents. President Trump announced a trade deal …
Wheat Leads the Grains Higher on Tuesday, Corn Rallies 6 Cents off the Lows
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– Bean conditions were left unchanged at 66%, compared to 67% at this time last year. The states that saw the largest increases in crop conditions were South Dakota, Nebraska, Missouri, Louisiana, and Arkansas. There were 503 deliveries of …
June 30th: Grain Stocks & Acreage Reports Fail to Help Provide a Rally in the Grains on Monday
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– Acreage: 3/31: 83.495M6/30 Est: 83.655M6/30 Actual: 83.380MChng 3/31 – 6/30: -0.115M Stocks: 6/30/24: 970M6/30 Est.: 980M6/30 Actual: 1.008B Est./Actual Change: 0.038 The Acreage and Stocks reports came out this morning. Soybeans were trading up to 12 cents higher …
Will Monday Be the Most Volatile Day of the Year For the Grains?
Soybeans– Soybeans saw some re-positioning heading into the end of the quarter and the end of the month, causing a higher close heading into the weekend. The Grain Stocks Report comes out Monday, along with the Acreage Report. The average estimate for the soybean stocks is 980 million bushels, with a range of 805 mb to 852 mb. Last year …
Wheat Closes Lower Again on Thursday with Lower Volume
Soybeans– Soybeans closed lower again today. September soybeans have support at 1005 and 992. Resistance is at 1020 and 1036. The dollar has continued to struggle, making a new 3-year low in the overnight session last night. A weaker dollar is supportive for exports. But as of right now, China is still not buying U.S. grain. The U.S. has an …
Weak Performance From the Grains on Wednesday
Soybeans– Soybeans had a significant move lower today off of favorable Midwest weather and soil conditions, along with technical based selling. The Grain Stocks Report comes out Monday, along with the Acreage Report. The average estimate for the soybean stocks is 980 million bushels, with a range of 805 mb to 852 mb. Last year on this report, the USDA …
Big Moves by Managed Money in the Soybean Complex – COT For the Week Ending June 17th
Soybeans– Soybean planting is at 96% complete, 1% lower than the 5-year average. The current good/excellent rating is 66%. The COT report was delayed until Monday, due to the holiday last week. Managed money has been active in the soybean complex. The COT report for the week ending June 17th showed the funds added to their soybean net long position …
Can Corn Find a Bottom This Summer?
Soybeans– Soybeans closed 10 cents lower to start the week. The weather has had an effect on the market, with hot and wet weather across the Plains and Midwest. The wet weather combined with unusually hot temperatures has provided a greenhouse like environment which is beneficial for soybean crops. At this time, there is no weather story in the market …
Soybeans Lead the Grains Lower on Friday
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Soybeans– The drought monitor is starting to clear up. The last spots of dryness in the Midwest are expected to see rain. China’s bean imports from Brazil rose 37.5% y/oy. Argentina’s bean harvest is 96.5% complete. Soybean exports for …