The information and opinions expressed below are based on my analysis of price behavior and chart activity Sign Up to receive Walsh Trading’s 1st Half of 2026 Market Outlook First Half of 2026 Outlook for the Livestock and Grain markets. Thursday, January 15, 2026 Corn broke out of a 3-month trading range this week on surprising USDA data…now what? If …
Soybeans Move Higher Again on Thursday
SOYBEANS– Soybeans were higher again today after trading 2 ½ cents higher in the overnight session. Soybeans are likely seeing some strength due to CONAB’s reduced production numbers in Brazil. They estimate Brazil production at 176.12 mmt from 177.2 mmt previously. CONAB’s Brazil production estimate was also below the trade estimate at 179.2 mmt. Argentina’s weather is less favorable than …
The Grains Move Higher on Wednesday
SOYBEANS– Soybeans were up 5 in the overnight session and continued higher today. There two flash sales for soybeans yesterday morning and one this morning to China. The changes in open interest the past couple days likely indicate some profit taking from some short positions in beans. The chart still has some work to do to see a rally after …
Soybeans Traded Lower Again on Tuesday
SOYBEANS– Soybeans continued lower during today’s session after falling 7 1/4 cents in overnight trading. There was a flash sale yesterday to China, but that failed to rally the market with the bearish USDA reports released yesterday morning. Soybeans on farms totaled 1.58 bb, up 2 percent from a year ago. Off-farm stocks were 1.71, up 10 percent. Soybeans in …
The WASDE and Quarterly Grain Stocks Reports Sent the Grain Markets Lower to Start the Week
SOYBEANS– The WASDE report came out very bearish for soybeans today. Yield was left unchanged from December at 53 bpa, but production was raised to 4,262 mb from 4,253 mb. Ending stocks were estimated at 350 mb, at a 60 mb increase from December. The export estimate was also reduced from 1,635 mb to 1,575. We’ll see if soybeans can …
The Grain Markets Are Quiet Ahead of Monday’s USDA Reports
SOYBEANS– Soybeans were slightly higher today, after a 5 1/4 cent gain in the overnight session. The first WASDE report of the year is scheduled for Monday. Pre-report estimates show analysts expecting an increase in ending stocks to 294 mb, from 290 mb in December. Yesterday’s weekly export sales report showed 877k mt in soybean purchases, for the week ending …
Soybeans Pullback on Thursday
Soybeans– Soybeans moved lower today following the rally yesterday. It seems likely that China will come through on their 12 mmt export commitment now, after making some larger purchases this week. China has committed to buying 25 mmt for 2026. Today’s weekly export sales report showed 877k mt in soybean purchases, for the week ending January 1st. The top buyer …
Soybeans Rally on Wednesday
Soybeans– Soybeans were up 9 cents in the overnight session and continued to rally during today’s session. Brazil’s weather outlook has improved over the past month, but southern Argentina is still dealing with dryness. The market may be adding in some weather premium. There was a flash sale of 336k mt of beans to China yesterday. Today, China bought another …
Corn Was Higher at Mid-day but Closed Lower
Soybeans– Soybeans were lower on the day, after trading 3/4 cents higher in the overnight session. China bought 10-14 cargoes yesterday for March, May, and April delivery. China’s purchases are now estimated at 10 mmt of the 12 mmt target set for February. It now seems more likely that China could meet the export target, however upside is likely already …
The Grains Rally to Start the First Full Week of 2026
Soybeans– Soybeans came back today rallying more than 15 cents, after breaking hard since mid-November. Soybeans are now above the previous resistance at 1050 and 1060. Soybeans may struggle to rally further from here because of favorable weather in Brazil. The next resistance is 1080 for March soybeans. China still has a long way to go on reaching the 12 …