March soybean meal gapped lower Thursday, January 23, on news that Argentina lowered export taxes starting Monday, January 27, and continuing through June. With two crops per year, Argentina’s soybean harvest period can begin as early as late February and extend into June. Above: Daily March 2025 Soybean chart, courtesy of CQG Above: Daily March 2025 Soybean Meal chart, courtesy …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 21, 2025 March Soybeans March Beans started the 1st session of a new presidency by rallying some 33 ¼ cents to close at 10.67 ¼. From what I’ve been able to glean from the news articles coming across my screens today, …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, January 9, 2025 March Soybeans March Soybeans closed up 4 ½ cent today, settling at 9.99. Tomorrow at 11 AM will be the January WASDE release. Typically, this report adds volatility to the market and is one that is widely watched and …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity March Soybeans March Soybeans closed down ½ cent today, settling at 997 1/4. Trade did dip below the 10-day moving average during the overnight trade (994 ½) but buyers resurfaced after the day session opened and the market worked up off the low …
Why I Believe Soybeans Are Going Higher
In my opinion, the future looks promising for soybeans, with multiple factors indicating a bullish trend for this important commodity. First, the global demand for soybeans continues to rise, particularly driven by the need for animal feed and plant-based proteins. As countries, especially in Asia, look to expand their meat production, soybeans will remain a key ingredient in animal feed, …
SPECIAL REPORT: CORN AND BEAN HEDGES 1ST QUARTER 2025
Soybean prices in 2024 collapsed on increased global production amid reduced demand for US origin that saw China increase their dependency on Brazilian origin leaving the US as a second or third port of origin for meaningful export. US exports into China hit a four-year low this past year per USDA. As of this post bean prices are down 25 …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, December 16, 2024 March Soybeans Open Interest has shifted to the March contracts in the Soy complex. January is still leading, as far as volume goes, but that will change in the coming days. Today, the March contract dropped 9 cents, to …
Chart of the Day – January Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, November 21, 2024 January Soybeans When I wrote about Soybeans last week, I was still very much in the bullish camp. I don’t think I’m bullish anymore. Today’s close of 9.77 ¾ is the lowest close since August 16th. That day was …
Harvest Pressure
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Corn and soybean markets are lower again today as dry weather allows for harvest to rapidly move forward in the U.S. Favorable rains are finally falling on many dry areas in Brazil adding to the …
Grain Markets Commentary
CORN The corn market worked higher all day. The impetus today was the Russian suspension of its participation in the UN brokered export agreement with Ukraine. This situation may well be fluid and could change at any minute. However, at present this is a friendly input. In addition, parts of Argentina remain to dry. This is pause for planting concerns …