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 …
The Grains Trade Higher for the Second Day in a Row, Will Trump Announce Anything in Iowa Tonight?
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 …