SOYBEANS– Soybeans finished the day higher after trading close to unchanged in the overnight session. 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 …
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 …
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 …
Chart of the Day – December Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity The $5.00 level is a good place for producers to begin hedging. Tuesday, May 5, 2026 December Corn (Daily) Today, December Corn closed at 5.00 ½, dropping back 4 cents from Monday’s close. Higher highs and higher lows were posted on the chart, …
The Grains Trade Lower on Tuesday
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 …
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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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 …
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 …