SOYBEANS– Soybeans finished the day higher with September leading the November issue up. Yesterday’s Acreage report estimated acreage just below the average trade guess, however the USDA also reported 8.05 million acres left to be planted. Despite the higher close soybeans were unable to make a move above yesterday’s high. The next resistance for November beans is 1153. August …
The Grains Rally After Today’s Crop Reports
SOYBEANS– As predicted, by many analysts, the switch from corn acres to beans wasn’t as dramatic as initially expected. November beans made a high at 1156 ½ following the report but faded the rest of the day. Soybean planted area is estimated at 85.365 ma from the USDA. The average trade estimate was 85.369 ma. The new planted acreage …
The Grains Break Ahead of Tomorrow’s Crop Reports
SOYBEANS– Tomorrow, the USDA will release the Acreage and Quarterly Stocks reports. The average pre-report estimate for soybean acreage is 85.4 ma, compared to 84.7 ma on the March 31 Prospective Plantings report. On the high-end acreage is estimated at 86 ma, while the final acreage figure from the USDA in 2025 was 81.215 ma. Increased fertilizer costs have …
Soybeans Rally on Thursday
SOYBEANS– Soybean export sales were strong this morning at over 455k mt for 2025/26. Export sales for the week ending June 18 were up 7% from last week and up 50% from the 4-week average. November beans closed above the 14 and 21 DMA today. There is a big report day on Tuesday for the grains. The markets will …
Soybeans And Wheat End the Week Lower
SOYBEANS– Soybeans traded lower today after failing to trade above resistance at 1135 in the July contract. November beans failed to make a move above resistance at 1153. November beans have support at 1133. Soybean oil has cooled off since making new highs and could be getting ready for the next leg higher. Soybean exports were 424k for the current …
Soybeans Make an Early High Then Fade Lower on Tuesday
SOYBEANS– November soybeans made a high at 1156 ½ this morning before fading the rest of the day. The Crop Progress report yesterday showed conditions declining in Iowa and Illinois by 3 points each. Missouri also had unfavorable conditions. July soybean oil is at key support now after falling from its high at 79.69. July ’26 Soybeans (ZSN26) settled at …
The Grains Trade Higher As Crude Breaks
SOYBEANS– November soybeans finished the day positive but still have resistance above at 1140. Friday’s COT showed funds selling the soybean complex. Funds sold 65k contracts of beans, 74k contracts of meal, and nearly 25k contracts of bean oil. July bean oil closed positive, while December bean oil finished lower on the day. July ’26 Soybeans (ZSN26) settled at 1118.75 …
The Grains Look Weak on Friday
SOYBEANS– The whole soybean complex was slightly lower to end the week. Argentina’s harvest is nearly complete. The USDA raised their estimate for Argentina’s crop 2 mmt on yesterday’s report to 50 mmt. Soybean areas under drought are well-above last year at 25%, compared to 13% previously. However, soybean areas under drought did fall 3 points this week. July ’26 …
The Grains Trade Lower After the June WASDE
SOYBEANS– It was quiet report for the grains. New crop estimates were unchanged from May. The USDA’s estimate for new crop production was higher than the pre-report estimate. Argentina’s soybean production was increased from 48 mmt to 50 mmt. Brazil’s production estimate was unchanged at 180 mmt. The next support for November beans is 1120. July ’26 Soybeans (ZSN26) settled …
Soybean Meal Reverses Lower on Tuesday
SOYBEANS– Yesterday’s crop progress report had soybean conditions at 65% good/excellent, which was 1 point behind last week’s rating. According to the USDA, Iowa and Wisconsin beans are looking the best, while Indiana was rated the worst. Planting is 92% complete. Soybeans were 73% emerged, compared to the 5-year average at 71%. July meal reversed lower today, making a high …