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 …
Chicago Wheat Closes Up 25 Cents on Wednesday
Soybeans– Temperatures will be higher in the near-term but looking ahead to next week they shift back to normal in the Midwest. The soybean growing areas still needing to finish up planting stretch from parts of Kansas, across Missouri, and into Illinois. The Ohio River Valley and Eastern Corn belt area has been dealing with wet weather as well. Soybean …
Soybean Oil Closes Lower Following 2 Limit Up Days
Soybeans– Soybeans closed higher today, while soybean oil moved slightly lower following two limit up moves in a row. Soybean conditions fell to 66% good/excellent, down 2% over last week. Last year at this time, the good/excellent rating for soybeans was 70%. Planting is at 93% complete, ahead of the five-year average at 84%. The 8–14-day forecast shows above normal …
Soybean Oil Limit Up Again on Monday Using Expanded Limits
Soybeans– Soybean oil was limit up again today off the EPA’s announcement of higher RVOs for bio-mass based biodiesel. The EPA raising the blending rate from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027. Soybean oil was limit up on Friday as well. Temperatures are expected to rise over the next …
Soybean Oil Limit Up, Soybeans Soar on Friday
Soybeans– Soybean oil was limit up today. The big move in soybean oil was because of the EPA’s announcement of higher RVOs for bio-mass based biodiesel, raising the blending rate from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027. Biofuel groups and others in the industry had been awaiting this announcement …
USDA Lowers Old and New Crop U.S. Corn Ending Stocks
Soybeans– The June WASDE report came out this morning. Soybeans closed lower despite the friendly report. New crop ending stocks were unchanged at 295 mb, in-line with analyst estimates. Old crop ending stocks were estimated at 350 mb, unchanged from last month. The trade expectation for old crop soybeans was 353m. No changes were made for Brazil and Argentina’s old …
How Will the June WASDE Affect the Grains?
Soybeans– The U.S. made an made a trade deal agreement with China, following the meetings in London this week. The U.S. will have a 55% tariff on China, while China will keep a 10% tariff on the U.S. Progress has also been made on trade agreements with India and Canada. Soybeans did not have a strong reaction to the news …