SOYBEANS– Soybeans had a bullish reaction to today’s crop report. July beans made a high at 1232 ¾ after the report came out, while November beans made a high at 1210. Old crop ending stocks were reduced from 350 mb last month to 340 mb. The average estimate for old crop ending stocks pre-report was 345 mb. New crop ending …
Hogs Bounce Back
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The Grains Rally Ahead of the May WASDE
SOYBEANS– The market will be watching to see what the USDA does with acreage. Many are expecting to see an increase in bean acreage because farmer surveys were completed before the fighting in Iran kicked off, in addition to farmer switching because of the rally. A change to the acreage figure may not happen until June. If the USDA uses …
WRT World Agricultural Supply and Demand May 10
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Cattle Futures Weaken While Cash Prices Surge
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, May 12, 2026, at 3:15 pm. If you cannot attend live a recording will be sent to your email upon completion of the webinar. SIgn Up Now Cattle futures opened higher and rallied to their session highs during the first 15-minutes of the …
Soybeans Trade Higher Ahead of the China Meeting Next Week
SOYBEANS– The meeting between President Trump and China is scheduled for Thursday and Friday next week. I feel that that the market has a chance to break lower and it will be up to Trump to get a deal. Brazil’s exports have been very strong. China may decide to purchase cheaper soybeans from South America instead of the US. July …
Pure Hedge – Livestock and Grain
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The Grains Trade Lower on Thursday
SOYBEANS– After making a low at 1182 ½ July beans rallied back finishing 3 ¾ cents lower. Soybean exports were disappointing this morning. Exports came in below the range of estimates at 141k mt. Exports will need to average 170k mt to hit the USDA forecast. Crude oil was below 90 this morning but is now closer to 100. The …
Grain Spreads: KC Wheat
Please join me every Thursday for a free grain webinar. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Much of today’s trade focused on developments in the US/Iran war, including what may be an end to the conflict. Iran has indicated it may allow vessel traffic to resume if the US suspends its blockade. This talk …
The Grains Trade Lower on Wednesday
SOYBEANS– Soybeans continued their move lower after selling off yesterday. Soybean meal lost the trendline supported mentioned yesterday. The next level of support for July meal is 311. Crude oil breaking lower has dragged the grains down with it. Soybeans likely have a lot of room to move lower, especially if the China meeting fails to create new demand. It’s …