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SOYBEANS– Soybeans finished the day lower, with May leading November lower. Crude oil reversed lower which dragged soybeans down with it. The soybean chart looks to be forming a bear flag pattern. Ultimately, Iran’s response to President Trump’s deadline to open the Strait of Hormuz by 7 p.m. tonight may be the deciding factor in whether soybeans move higher or …

SOYBEANS– Soybeans finished the day higher after trading 5 ¼ cents higher in the overnight session. For the week ending April 2, export inspections were 779k mt, an 84k mt increase from the week prior. Brazil’s harvest is estimated at 79% complete, compared to the 5-year average pace of 83%. May beans have a gap in the chart from 1193 …

SOYBEANS– May beans were up 3 ½ cents in the overnight session but closed today’s session lower. After selling off with crude yesterday, soybeans failed to rally with crude today. There is likely some risk being taken off ahead of Good Friday. Crush is continuing at a strong pace, with a new crush record for February at 214 mb. Crush …

SOYBEANS– Soybeans were 5 cents lower in the overnight session and were lower again today. May beans made a low at 1153 but reversed higher as the day went on. The potential for a ceasefire between the US and Iran sent crude lower today and dragged beans down with it. Acreage was estimated yesterday below the average trade guess at …

SOYBEANS– The Grain Stocks and acreage reports were released this morning. The USDA estimated planted area at 84.7 ma, which is a 4% increase from last year. The average trade estimate pre-report was 85.52 ma. The USDA estimated soybeans in all positions at 2.10 bb, up 10%. The pre-report estimate for quarterly stocks was 2,077 mb. Off-farm stocks and on …

SOYBEANS– It was a quiet day for beans ahead of the big report day tomorrow. Analysts are expecting soybean acreage to increase by at 4 million acres. Soybean stocks are also anticipated to rise. I would be very surprised to see soybeans close higher tomorrow. Fundamentals have been ignored recently, with crude rallying and the China meeting ahead. However, I …

SOYBEANS– Soybeans finished the day lower after a 4 ¼ cent gain in the overnight session. The EPA’s RVO decision was released today. The biodiesel mandate is set at 8.86 billion RINS for 2026 and 8.95 for 2027. Soybean oil was lower heading into the release of the new biofuel mandate, but reversed following the decision. The average trade estimate …

SOYBEANS– After the bounce yesterday, soybeans closed nearly unchanged. May was up 1 ¼ cents in the overnight session. The meeting between President Trump and Xi scheduled for May 14-15 should help support soybeans. For the week ending March 19, soybean export sales were 668k. However, the acreage report on Tuesday is expected to come out bearish. The new biofuel …