SOYBEANS– November beans ended the week without any major profit taking going on. The next resistance for November beans is the previous high at 1256 ½. There were some larger flash sales reported this morning from the USDA. One sale 712k mt sale for delivery to China, in addition to a 720k mt sale to an unknown country. …
Corn Makes Its Move Over $5
SOYBEANS– November beans made a high at 1244 ½ in the overnight session and faded lower during today’s session. There was another flash sale this morning for 150k mt of soybeans for delivery to an unknown country. Soybean oil had another strong rally today, while meal reversed lower after 4 consecutive days of moving higher. November’26 Soybeans (ZSX26) settled …
The Grains Rally on Wednesday
SOYBEANS– Soybeans were sharply higher today, while soybeans meal had a near $7 gain. November beans are coming up against resistance at 1250. There were no flash sales of soybeans this morning. November’26 Soybeans (ZSX26) settled at 1237.25 (+19.25), high of 1239.5, low of 1214. January ‘27 Soybeans (ZSF27) settled at 1250.75 (+19.25), high of 1253.5, low of 1228.75. …
Wheat Trades Lower on Tuesday
November beans made a high at 1231 ¾ before reversing lower the rest of the day. There was a 136k new crop flash sale this morning for delivery to China. The 8-14 day forecast has the upper Midwest receiving below normal rainfall, while parts of the South are expected to see above normal rain. There was some profit taking in …
Wheat Trades Sharply Higher on Friday
SOYBEANS– November beans finished the day higher. There was another flash sale to China this morning, this time 136k mt. September ’26 Soybeans (ZSU26) settled at 1177.75 (+10.25), high of 1178, low of 1167.25. November Soybeans (ZSX26) settled at 1191.25 (+9), high of 1193, low of 1182.5. Cash price is at 1171 (-1) September Bean Meal (ZMU26) settled at …
Soybeans Reverse Lower Again on Thursday
SOYBEANS– Soybeans made a high at 1188 before finishing the day close to unchanged. The drought monitor was up 3 points this week, with 70% of the country facing abnormal dryness or drought. Today’s export report showed China doing a majority of the buying through the week ending August 6. China bought 1.5 mmt of the 1.8 mmt total …
The Grains Fade Lower on Monday
SOYBEANS– Soybeans are back into the previous trading range after losing 1200. Soybeans have been supported by strong Chinese buying, but timely rain has taken the weather premium out of the market. September ’26 Soybeans (ZSU26) settled at 1162.75 (+3.75), high of 1167.5, low of 1158. November Soybeans (ZSX26) settled at 1180.25 (+4), high of 1185, low of 1175. …
WRT World Agricultural Supply and Demand August 10
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Wheat Trades Higher on Friday
SOYBEANS– Soybeans finished closed to unchanged today, while soybean oil and meal were mixed. Rain is still in the forecast in the near-term which is weighing on prices. Strong demand from China has helped the beans as they look to fulfill their 25 mmt commitment. September ’26 Soybeans (ZSU26) settled at 1158.75 (-1.25), high of 1167.5, low of 1157.75. …
Wheat Finishes Lower on Thursday
SOYBEANS– Soybeans finished the day slightly higher bouncing off the key support level I mentioned yesterday, 1170. China bought 13 cargoes of US beans yesterday, in addition to a 122k mt flash sale today. Meanwhile, a wet forecast is weighing on the beans. September ’26 Soybeans (ZSU26) settled at 1159.25 (+2.75), high of 1161, low of 1151.75. November Soybeans …