SOYBEANS– July beans finished the day close to unchanged while November beans were slightly positive. The latest Crop Progress report shows soybean planting is 79% complete, compared to the 5-year average at 68%. Louisiana leads the way in soybean planting at 95% planted, well-ahead of the 5-year average at 79%. Soybean meal and oil were strong today. July ’26 Soybeans …
The Grains Trade Lower on Tuesday
SOYBEANS– July soybeans finished the day lower after making a high at 1193 ½ in the overnight session. July was down 9 ½ cents in the overnight session. Soybeans will likely continue to be volatile; however, I don’t think there’s any reason soybeans should be trading this high. If July soybeans fail to hold support at 1171, then look out …
WRT World Agricultural Supply and Demand May 26
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Soybeans Close Below 1200 Again
SOYBEANS– Despite closing positive July failed to close above 1200 while November closed below 1190. Soybeans have failed to break, but I believe this is the type of market where it’s prudent to sell rallies. The drought monitor showed a 1 point drop yesterday to 27% under drought. Argentina’s harvest is 75% completed. Argentina’s production is estimated at 50.1 mmt, …
The Grains Trade Lower on Thursday
SOYBEANS– July beans had another close below 12 bucks today after making a high at 1204. November beans also closed below 12 bucks after making a high at 1295 ¼. The market is waiting on more clarity about the China meeting. The charts and fundamentals lean bearish, and there was another Iran deal reported again today. Exports today were okay …
The Grains Trade Lower on Wednesday
SOYBEANS– Soybean planting is moving along at a strong pace. The market is likely continuing to move lower due to no confirmation from the Chinese in regard to the $17 billion in US Ag purchases. Both July and November beans closed below 1200 today. If July beans fail to hold support at the 1170 area then prices could be headed …
The Grains Rally After the $17B Chinese Ag Purchase Announcement
SOYBEANS– Beans had a huge rally today after the $17 billion Chinese Ag purchase announcement over the weekend. Soybeans started to move higher in the overnight session, trading 24 cents higher. For the week ending May 14, soybean export inspections were 483k. The weekly pace needed to hit the USDA forecast was 464k. July ’26 Soybeans (ZSN26) settled at 1212 …
Soybeans Trade Lower to End the Week
SOYBEANS– Soybeans continued to sell-off today following the disappointing China meeting. The July and November soybean charts are starting to look ugly. I expect next week to show more weakness. The 1160 area is where soybeans consolidated previously. If soybeans fail to find support there, or above, the market may be headed much lower. Argentina’s harvest is more than halfway …
Soybeans Break Lower Following Trump’s China Visit
SOYBEANS– Soybeans started to break lower in the overnight session after no major additional Chinese soybean purchases were announced. Secretary Bessent did say that soybeans “all taken care of,” however the market continued trading lower during today’s session. Today’s export report showed sales of 102k mt. Soybeans can continue to trade lower from here, especially if more acreage is added. …
Wheat Closes Lower After Yesterday’s Rally
SOYBEANS– Soybeans were able to finish the day positive after trading 2 ¾ cents higher in the overnight session. Soybeans rallied following yesterday’s WASDE report that showed a reduction in ending stocks. The new crop ending stocks figure at 310 mb is using the 84.7 planted acreage number from the March Plantings report, so acreage will likely increase at least …