SOYBEANS– Soybeans traded lower on the day after yesterday’s move higher. Planting is 33% complete, with emergence at 13%. Illinois is leading the Midwest at 46% planted. StoneX raised their forecast for Brazil’s production to 181.6 mmt, a 1% increase from the prior estimate. Soybean oil still looks very strong, but soybean meal is at key trendline support. November beans …
Hogs Breakdown
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, May 05, 2026, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. It is free for anyone who wants to sign up and the link for sign up is below. …
Grain Spreads: Sep26/Dec26
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary If this fertilizer story or lack of availability to get enough fertilizer is real in the months to come, Sep26/Dec 26 corn could be a sleeper in my opinion and a buy. Sep corn is …
Soybeans Rally on Monday
SOYBEANS– Soybeans traded sharply higher on the day after a 6 ½ cent gain in the overnight session. Soybean oil continues to be supported by higher crude oil prices. The July soybean meal chart is looking tight and may be getting ready for a new leg higher. Beans are starting to get expensive again. The high in March was 1250 …
WRT World Agricultural Supply and Demand May 3
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Cattle Markets Rally to New Highs and Fail
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, May 05, 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 Markets Rally to New Highs and Fail Cattle futures surged early with June Live …
Corn and Soybeans Trade Higher on Friday
SOYBEANS– July beans had a strong close today above 1200. Bean oil is still strong and should be supported with crude above 100. July meal is off its highs from mid-April and is now at trendline support. US soybean crush pace hit a record high for March at 227 mb. The soybean crush hit an all-time high at 236 mb …
Wheat Trades Lower on Thursday
SOYBEANS– July beans were down 2 cents in the overnight session and were lower again today. Today’s export report showed soybean export sales of 258k mt. The top buyers of US beans on this report were China, Indonesia, and Egypt. July beans failed to close above the psychological resistance at 1200 today, but the high in the overnight session was …
Grain Spreads: The Most Undervalued
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Oil Share and bean oil futures led the soybean complex with crude oil prices underpinning the enthusiasm for biofuels again. July soybeans rose 7 3/4 cents to $11.97, near the daily high and closed at …
The Grains Rally on Wednesday
SOYBEANS– July beans were up 3 ½ cents in the overnight session and continued higher during today’s session. Soybeans were unable to trade above resistance at 1200, making a high at 1198 ¼. Soybean oil continues to be very strong, which helps soybeans chances of moving higher. November soybeans have resistance at 1175. July ’26 Soybeans (ZSN26) settled at 1197.75 …